Executive Summary
- Kuwait’s Real Estate market is mildly accelerating, supported by a positive economic outlook on the back of elevated oil prices and recovering non-oil economic activity. Government fiscal balance is also expected to be healthy on the back of higher oil prices and increased oil production.
- Persistent supply chain pressures due to COVID-19 and Russia-Ukraine conflict have led to high levels of inflation across the globe. In line with this, given its reliance on imports, Kuwait is also seeing a rise in inflation. Housing rents component of Consumer Price Index has increased in April 2022, continuing the increasing trend that began in March 2022.
