Real estate market witnessing ‘noticeable rebound’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Real estate market witnessing ‘noticeable rebound’ – ARAB TIMES – KUWAIT NEWS – Arab Times Kuwait English Daily

Demand for sea chalets up

KUWAIT CITY, Nov 9: Kuwait’s real estate market has witnessed a “noticeable rebound” during the third quarter of this year, particularly in investment and residential sectors as well as a rise in demand for sea chalets, recovering from ramifications of coronavirus pandemic, experts said. However, commercial and industrial sectors as well as farm lands are still suffering from temporarily stagnation due mainly to high prices of lease contracts and electricity as well as lack of some services, they said.