Three-day real estate deals total 48.9M dinars
The article discusses the real estate activity in Kuwait during the first three days of September, during which real estate transactions valued at 48.9 million Kuwaiti dinars were conducted through 72 diverse contracts. Private properties led the market with 54 deals totaling 18.2 million dinars. Additionally, auctions conducted by the Ministry of Justice resulted in sales worth 7.24 million dinars from the sale of 15 properties in the first two weeks of the month. These sales showed an increase in profits of 9.4% over the initial asking prices, with some properties experiencing appreciation of up to 68%, while others remained unchanged. The results indicate a genuine demand in the real estate market, with varying levels of competition among properties. Many auctions were postponed or canceled due to a lack of bidders or because of amicable settlements and dispute resolutions.
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