Real estate sector remained stable in Kuwait during 2023, with steady prices and rents. The pent-up demand post-pandemic has begun to normalize. The rise in bank lending to the real estate sector, U.S Fed interest rate cuts and government efforts to address challenges in the residential market set a positive backdrop for Kuwait real estate activity in 2024. Real estate market liquidity as indicated by the value of transaction could improve in the event of easing of interest rates in H2 2024.
November 21, 2024
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