Property for sale in Kuwait
Kuwait is an Arab country on the Persian Gulf, it has a cultural heritage dating back to antiquity. Al Kuwait, the capital, is renowned for its modern architecture, which ranges from skyscrapers to the dizzying Kuwait Towers, design towers that recall the classic tiled vaults of mosques. It borders Saudi Arabia to the south and Iraq to the north.
If you plan to move and you are looking for property for sale in Kuwait it is important to know the trend of the real estate market in the country. The Kuwait real estate sector is witnessing an increase in positive energy that could not have come at a better time, since the Kuwaiti government has signed an ambitious twenty-year plan to promote tourism in the country. So this is a great time to buy property for sale in Kuwait. Added to this is the fact that the real estate sector has benefited greatly from the announcement of the new regulation on direct foreign capital investment, which is destined to revolutionize the real estate market. All these factors together indicate that the Kuwait real estate market, which is already in good health, is likely to expand further.
Some factors have hit the real estate market in Kuwait, among them the departure of expats who are looking for better opportunities in other countries, or are choosing to return to their countries of origin. Expatriates in Kuwait are considering sending their families to their countries of origin. However, they maintain their valid residence and decide to stay in Kuwait as bachelors. But such a trend will further worsen the current situation in the real estate sector, and rents are expected to decline further once the expatriation decision is announced.
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