Mazaya Monthly Real Estate Report -
November
2014
The Kuwaiti real-estate market is an active
market meeting an increasing local demand
for a variety of real-estate products within
increasing rates of real-estate market
exchanges which equaled KD 2.8 million at
the end of the third quarter this year. This was
due to the increase in residence registrations
totaling 76% of overall real-estate exchanges,
followed
by
investment
real-estate
registrationswhichexceeded20%.Residence
real-estates prices also increased by 1%
by the end of the second quarter, whereas
investment real-estates increased by 3.4%;
commercial real-estate prices on the other
hand remained within their stable averages.
4
Al-Mazaya Weekly Report concludes that
the investment opportunities available in
the Kuwait real-estate sector are attracting
multiple agreements, and this is reflected in
the quality and values of real-estate deals
being transacted. The Report also points
to the excellent timing of CITYSCAPE-
Kuwait simultaneous to the active
supply and demand of residence and
commercial real-estates in Kuwaiti market.
Al-Mazaya Report adds more significance
to CITYSCAPE-Kuwait mobilizing the
real-estate market and pushing it to
overcome challenges hindering its
progress: challenges owing to the lack
of organization and overall strategies
required to better manage this sector.
Original real-estate plans will not only
help to stabilize the Kuwaiti real-estate
market, moreover, it will serve the future
strategies of the Estate in this regard.
Proper mechanisms to balance supply,
demand and prices of the residencies,
commercial and investment real-estate
products in the Kuwaiti real-estate market
are the most current pressing needs. A
comprehensive plan for this sector, along
with contemporary legislation to regulate
it, are additional basic requirements
lacking to envision the future of this viable
sector and attract more investments. The
momentum of real-estate projects are
hoped to meet the increasing demand.
push the national economy of the
Estate forward and stabilize the
market rates equally adding to a state
of social balance given the reciprocal
impacts of the real-estate sector
to the overall economic activities.
