Insane rise in flat rents – State control missing – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

SourceArab Times Kuwait
SectorReal Estate
CountryMiddle east

KUWAIT CITY, April 7: In the midst of the health conditions in the country, and the state’s preoccupation in a state of political tension citizens and residents say there is an insane increase in the apartment rents which is between 600 and 800 dinars and for some apartments it is from 950 to 1,300 dinars, says Al-Seyassah. Reliable sources told the Al-Seyassah daily the exaggerated increase in the rents is no longer limited to what the sources called ‘interior’ areas but has extended to other areas such as Al-Masayel, Al-Funaitees, Abu Futaira, Mubarak Al-Kabeer, Al-Adan, Al-Aqeelah, and the so-called remote areas. As news spread that the Minister of Municipality and Minister of State for Housing Affairs, Shaya Al-Shaya, will prevent the conversion of private housing areas into investment, the sources asked why the state does not control this aspect, and why these real estate owners crawl into residential areas and build huge residential buildings in violation of the law. The Municipality has turned a blind eye to its regulations and permits the construction of buildings which leads to an increase in the number of tenants in private housing, which results in congestion, chaos and pressure on services.

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