The annual report by Real Estate Bank of Kuwait on expectations for the market in 2006 said long term boom is expected. According to Kuna, this was attributed to government opting for B.O.T. projects for Failaka and Boubyan Islands and free zone development and the progress seen on northern oil fields projects.
On increase of price of housing units and land lots, the report listed factors including great number of requests for government housing and the development of infrastructure in private housing areas.
