Quotes: MENA   Enter Symbol: NewsLetter: Search: advanced

No retreat in Kuwait real estate prices in 2nd quarter: experts  Join our daily free Newsletter

MENAFN - Arab Times - 01/06/2014
No. of Ratings : 0
Add to Mixx!



(MENAFN - Arab Times) Wait city may 31 (kuna): the price for real estate in kuwait will still remain the same for the second quarter of 2014 despite efforts to find a solution for the housing problem a number of experts agreed. in separate statements to kuna real estate experts said that the government's efforts to find a solution to the housing problem might have eased the surge in real estate prices; however if words still remain words and no action is taken the problem will continue to exist. real estate expert ahmad behbahani told kuna that there were some positive reactions to official statements regarding the leasing of around 70 million square meters of land to build a housing project. despite that fact the decrease in real estate price will not occur unless some action is taken in reality said behbahani.

behbahani called for swift action to prevent prices from further escalating noting that price of real estate in some areas had sky rocketed to around kd 750 million. on his part head of the real estate union (reu) tafiq al-jarrah said that prices of real estate in new areas will stabilize but that does not mean that the same case will apply on other areas. providing land for housing does not mean that the area alocated was suitable for living because the process will take a long time to happen said al-jarrah who called for serious actions to end the hike in prices. echoing similar statements chairman of the board for the kuwait real estate clearing company abdulrahman al-habib said that the second quarter of 2014 will not witness any decrease in prices due to the lack of housing lands whether it was owned by the government or the private sector.

speculation in the real estate market also plays a negative role in further hiking the prices said al-habib who called for a method to organize and regulate the real estate market in kuwait. in regards to real estate business in the country head of real estate housing at drwaza al-safat real estate company ali al-safar said that activities in the market will slow down due to the summer vacation and the holy month of ramadan. demands exceeds the supplies in the real estate market; therefore there will be no decrease in prices unless the government provides more housing lands said al-safar noting that there was some real estate activity in newly constructed areas such as sabah al-ahmad coastal city which will witness some new offers for affordable housing lands in the near future.


 


Arab Times




  MENA News Headlines
 Jun 30 2016 - Tennis: Roger Federer ends Willis' Wimbledon fairytaleMuscat Daily
(MENAFN - Muscat Daily) Marcus Willis'' Wimbledon fairytale came to an end against Roger Federer, but the British qualifier''s 6-0, 6-3, 6-4 defeat couldn''t ruin a day to remember for the new star ...

 Jun 30 2016 -  Tough love: psychology of Argentina's Messi relationshipMuscat Daily
(MENAFN - Muscat Daily) Like neurotic parents, Argentines swung from criticism to unconditional love for their star footballer Lionel Messi this week, providing the soccer-mad nation''s many ...

 Jun 30 2016 -  Cricket: Anil Kumble takes charge with eye on bowlersMuscat Daily
(MENAFN - Muscat Daily) Anil Kumble thinks a year - and 17 Test matches - is enough for India to make its mark on all three formats of cricket. Kumble''s one-year contract as coach of the national ...

 Jun 30 2016 - Golden age Hollywood starlet Olivia de Havilland turns 100Muscat Daily
(MENAFN - Muscat Daily) Paris- Screen legend Olivia de Havilland, who turns 100 on Friday, is the last surviving star from "Gone with the Wind" and one of the last great stars of ...

 Jun 30 2016 - Obama to campaign with Clinton, Trump shrinks gapMuscat Daily
(MENAFN - Muscat Daily) Washington- President Barack Obama will campaign with presumptive Democratic White House nominee Hillary Clinton for the first time next Tuesday, as a new poll shows a ...

 Jun 30 2016 - New York's Empire State Building to go dark for TurkeyMuscat Daily
(MENAFN - Muscat Daily) New York- New York''s famed Empire State Building will go dark on Wednesday in tribute to the 41 people killed and 239 wounded in a suicide attack at Istanbul''s main ...

 Jun 30 2016 -  Brazil has 'total confidence' in Olympics securityMuscat Daily
(MENAFN - Muscat Daily) Rio de Janeiro- Brazil has "total confidence" that it can ensure security for more than half a million tourists and athletes attending the Rio Olympics this August, ...

 Jun 30 2016 -  Eight killed as fire guts pharmacy in IndiaMuscat Daily
(MENAFN - Muscat Daily) Mumbai- Eight people were killed when a fire gutted a pharmacy in India''s financial capital Mumbai on Thursday, police said. One other person was seriously injured in the ...

 Jun 30 2016 -  Engine failure, errors by crew led to deadly Taipei crash: reportMuscat Daily
(MENAFN - Muscat Daily) Taipei - A plane crash in Taiwan that killed 43 people when a passenger jet plunged into a river was caused by engine failure and flight crew errors, a damning final ...

 Jun 30 2016 - NY entrepreneur swapping start-ups for charityMuscat Daily
(MENAFN - Muscat Daily) New York- After making millions before turning 40, a New York-based entrepreneur is dreaming of transforming charitable giving by bringing his start-up stardust and ...

more...


 





Google

 
 

Middle East North Africa - Financial Network

MENAFN News Market Data Countries Tools Section  
 

Middle East North Africa - Financial Network
Arabic MENAFN

Main News
News By Industry
News By Country

Islamic Finance News
Private Equity News

How-To Guides
Technology Section

Travel Section

Search News

Market Indices
Quotes & Charts

Global Indices
Arab Indices

Commodoties

Oil & Energy

Currencies Cross Rates
Currencies Updates
Currency Converter

USA Stocks
Arab Stocks
 

Algeria 
Bahrain 
Egypt 
Iraq
Jordan 
Kuwait 
Lebanon
Morocco 
Oman 
Palestine
Qatar 
Saudi Arabia 
Syria
Tunisia 
UAE 
Yemen

Weather
Economic Calendar
Financial Glossary


Financial Calculators

RSS Feeds [XML]

Corporate Monitor

Events

Real Estate
Submit Your Property

Arab Research
Buy a Research

Press Releases
Submit your PR

Join Newsletters


 
© 2014 menafn.com All Rights Reserved.  Terms of Service | Privacy Policy | Contact Us | Advertise | About MENAFN | Career Opportunities | Feedback | Help