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 allocated 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
 Jul 31 2015 - Telecoms consider Gulf markets after poor Q2MENAFN
(MENAFN) Gulf stock markets were narrowly mixed yesterday as a series of disappointing corporate earnings reports, especially in the telecommunications sector. Saudi Arabia's main index inched down ...

 Jul 31 2015 - Tunisia cuts own growth estimationMENAFN
(MENAFN) Tunisia has cut its 2015 growth forecast to 0.5% this year, down from an expected 1%, its finance minister said yesterday.Tourism revenues represent about 7% of the economy, and, adding to ...

 Jul 31 2015 - Vodafone Qatar increase plans stay on trackMENAFN
(MENAFN) Vodafone Qatar, which has witnessed a 5% jump in customer base to USD 1.42mn in the first three months of this year.Revenue was down 8% to QR537.9mn and mobile average revenue per user.The ...

 Jul 30 2015 - Egypt- Trial of businessman Ehab Talaat postponedqDaily News Egypt
(MENAFN - Daily News Egypt) The trial of prominent businessman Ehab Talaat was postponed to 26 December on Tuesday for an expert report on the matter.Talaat is being sued by the Al-Ahram Foundation ...

 Jul 30 2015 - Egypt participates in UN counter-terrorism meetingDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian delegation participated Tuesday in the UN counter-terrorism meeting in the Spanish capital, Madrid, and discussed efforts to tackle militancy.Egypt also ...

 Jul 30 2015 - Egyptian court postpones verdict in Al Jazeera journalists' retrialDaily News Egypt
(MENAFN - Daily News Egypt) A court in the Egyptian capital, Cairo, has postponed the verdict in the retrial of three Al Jazeera journalists, jailed for aiding a terrorist organization with false ...

 Jul 30 2015 - Egypt- 'Will justice be served this Thursday?' (1):JournalistsDaily News Egypt
(MENAFN - Daily News Egypt) An Egyptian court will conclude one of Egypt's most hotly debated cases since the ouster of the Muslim Brotherhood regime in 2013, and one of the longest trials the ...

 Jul 30 2015 - Al-Jazeera re-trial case adjourned to 2 AugustDaily News Egypt
(MENAFN - Daily News Egypt) The Egyptian court was to conclude Thursday one of Egypt's most debated cases since the toppling of the Muslim Brotherhood's regime, also among the longest trial the ...

 Jul 30 2015 - Egypt- Trial against Fatima Naoot continuesDaily News Egypt
(MENAFN - Daily News Egypt) The prosecution at the Sayeda Zeinab Misdemeanour Court decided on Wednesday to postpone the case against Fatima Naoot, who is charged with contempt of religion.In turn, ...

 Jul 30 2015 - Ooredoo Oman profit up 18.7 percent in H1MENAFN
(MENAFN) Omani Qatari Telecommuni-cations Company (Ooredoo), has reported an 18.7 percent increase in its net profit for the first half of this year.The company's revenues for the first half of 2015 ...

more...


 






Google

Click to Apply

 
 

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