Kuwait
Kuwait Finance House report recorded an increase in the value of real estate transactions locally in the third quarter of this year, reaching 1 billion dinars (about 3.3 billion US dollars), a growth of 12.4% from the second quarter, and a decrease of 20% year-on-year, according to the Kuwait News Agency (KUNA).
Kuwait Finance House said in its report on the local real estate market for the third quarter that the number of deals recorded in the mentioned period 1502 deals, pointing out that private housing is the most active in terms of value and the number of deals, while the improvement of investment, commercial and craft real estate trading contributed to supporting the total value of trades supported by the stability of the economic environment and the strength of the banking sector.
The report pointed out that the growth of capital spending and government projects within the development plan contributed in addition to the strength of bank liquidity and the growth of real estate credit in the appreciation of the value of trading during the period, despite external factors such as geopolitical tensions.
The value of private housing trading increased by 15% and the craftsmanship by 120.6% and the trading of the investment property decreased by 11.7% and the commercial 58.5%
He pointed out that the real estate sector has shown clear flexibility as a result of local demand and improved investor confidence, in addition to the improvement of the positive outlook due to the recent legislative reforms, including the Real Estate Finance Law and the Sukuk Law.
The report pointed out that the number of deals in the third quarter decreased by 4% on an annual basis, amid disparities between the sectors, as the value of private housing trading increased by 15%, and the craftsmanship by 120.6%, while the investment real estate trading decreased by 11.7%, commercial by 58.5%, the coastal strip 26.2%, and the warehouses by 90.5%.
He showed that the value of private housing trading rose to 455.3 million dinars (about 1.5 billion dollars) in the third quarter of 2026, an increase of 6.7% on a quarterly basis with the stability of the number of deals at 1106 deals, and the trading of the investment property rose to 359 million dinars (about 1.1 billion dollars), while the commercial real estate recorded trades worth 183 million dinars (about 603.9 million dollars).
He pointed out that the value of the total real estate deal recorded about 679 thousand dinars (about 2.2 million dollars), up 11.8% from the second quarter, but remained 15.4% lower than its level in the third quarter 2025, and the report confirmed the decline in private housing prices by the end of the third quarter 0.5% from the second quarter of 2026, while the annual decline in prices reached 4.8%, while price levels in the investment property increased by 1.3% on a quarterly basis, while an annual increase of 6.1%.
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