Surge in new licenses for real estate brokers in Kuwait

Surge in new licenses for real estate brokers in Kuwait

KUWAIT CITY, March 19: According to official data from the Real Estate Department at the Ministry of Commerce and Industry, 228 new licenses were issued to practice the profession of land and real estate brokerage in Kuwait in 2023, bringing the total number of licensed brokers to approximately 1,594 by the end of December, reports …

<p>The post Surge in new licenses for real estate brokers in Kuwait first appeared on ARAB TIMES - KUWAIT NEWS.</p>KUWAIT CITY, March 19: According to official data from the Real Estate Department at the Ministry of Commerce and Industry, 228 new licenses were issued to practice the profession of land and real estate brokerage in Kuwait in 2023, bringing the total number of licensed brokers to approximately 1,594 by the end of December, reports Al-Anba daily. Additionally, 295 licenses were renewed, while 84 licenses were canceled during the same year. The data revealed a surge in new licenses during the last quarter of the year, with October leading with 41 new licenses, followed by November and December. Renewals peaked in March and October, each with 33 licenses, and May with 29 licenses. Conversely, the last quarter also saw the highest number of license cancellations, with