According to Al-Sharq Al-Awsat newspaper, the Kuwait Weekly Economic Report, published by the Al-Shall Economic Consultants, estimated the total real estate sale contracts in the State of Kuwait at KD 538 million (1.84 billion) in the first quarter of 2005. This figure represents a 34% withdrawal compared with the real estate sale contracts in the corresponding period of the previous year, which amounted to KD 825 million ($2.83 billion).
These real estate sales were categorized as follows: 70.5% for private housing, 24% for investment purposes, 5.1% for commercial purposes and 0.2% for storage purposes.
