(MENAFN - Kuwait News Agency (KUNA)) Domestic real-estate market posted growth at 26.9 percent in first quarter of this year, compared to the same period of the past year, according to the Incorporation of
Al Shall Economic Consultants (AEC) Al-Shall said in its weekly report, publicized on Saturday, that overall value of sales amounted to KD 907.4 million, higher by 26.9 percent, in contrast to KD 714.8 million, in the same period of 2011.
Total sales reached approximately KD 843.7 million while contract sales amounted to KD 63.6 million.
Private housing occupied some 55.6 percent of the total dealings, compared to 55.3 percent in the first quarter of 2011. Investment activity share dropped to 36.4 percent, compared to 39.3 percent.
Al-Shall report noted that commercial activity's stake stood at 6.5 percent, higher from 5.1 percent, with share of the warehouses standing at 1.5 percent.
Value of sales of private housing, investment, commercial acticvities and the warhouses rose 27.6 percent, and respectively 17.4 percent, 63 and 59 percent -- also compared to the figures recorded in the first quarter of the year before.