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FinancialNews
23-06-19
11 percent jump in Kuwait's property sales
(MENAFN) Kuwait International Bank (KIB) announced that the GCC nation, during the fifth month of the year, registered an 11 percent boost in its property sales.
In May, Kuwait sold a worth of USD1.123 billion of properties across the country, as KIB unveiled in a report.
Meanwhile, according to the report, Kuwait recorded a 22 percent surge in the volume of property dealings during the month on annual basis.
KIB added that the residential segment alone contributed with 31 percent of property sales while the investment segment accounted for 28 percent.
MENAFN2306201900450000ID1098673667
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