Kuwait Real Estate Market Outlook to 2013
Bharatbook.com added a new research report on “The report titled “Kuwait Real Estate Market Outlook to 2013” discusses in details various aspects of Kuwait’s real estate market.
Kuwait Real Estate Market Outlook to 2013
The report titled “Kuwait Real Estate Market Outlook to 2013” discusses in details various aspects of Kuwait’s real estate market with the focus on the prevailing competition amongst the Shariah compliant and non-compliant real estate developers and impelling demand for affordable apartments from the expatriates and the domestic population. The report covers the comprehensive analysis on the market size of the real estate sector in Kuwait on the basis of supply and revenue, real estate market transactions, market segmentation, competitive landscape and company profiles of major developers operating in Kuwait. The report also entails the SWOT analysis of the real estate sector in Kuwait. The future projections and outlook provide an insight on the future growth drivers and challenges in the real estate sector of Kuwait. http://www.bharatbook.com/market-research-reports/infrastructure-market-research-report/kuwait-real-estate-market-outlook-to-2013.html
The real estate supply in the region has increased over the years at a CAGR of 3.24%. The supply was recorded at ~ thousand square meters of GLA in 2010 which has increased from ~ thousand square meters of GLA in 2005. This growth has been accounted by the rising demand for the condominium residential apartments in the country. Moreover, increasing employment opportunities have led to a rise in the demand of the real estate properties especially in the residential segment which has impelled an increasing supply of the real estate properties in the region.
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The real estate market in Kuwait is highly saturated amongst ~ public listed companies of which ~ are Sariah compliant and several other small and private developers. In 2010, the 50 listed companies recorded total assets of USD ~ million and total debt of USD ~ million. Amongst the top players, where Salhia Real Estate Company, United Real estate Company, Commercial Real estate Company and Tamdeen Real Estate Company registered net profits in the year 2010, companies like National Real estate Company and Al Mazaya recorded losses for the period 2010.
The real estate sales in April 2011 increased by ~% over March 2011 to reach USD ~ million, posting high volumes in all segments; this was a record performance topped only once in July 2007. In the first four months of 2011, sales have been almost twice as high as in the same period in 2010.
In April 2011, residential (private houses) sales were recorded to be USD ~ million, showcasing an impressive growth as compared to USD ~ million in April 2007. In April 2011, the average transaction size was USD ~ million, which has tripled as compared to the transaction size in March 2011. Predominant increase in the residential construction activities were witnessed in cities such as, Sabah al- Ahmad (Coastal), Abu Futaria and Funaitees districts.
In April 2011, real estate investment sector (apartments and buildings) sales increased by ~% to USD ~ million as compared to March 2011. The Mahboula area witnessed an impressive apartment activity, followed by the sales of ~ apartments at a value of USD ~ per square meter. In addition, building transactions were highest in the area of Salmiya and Hawalli, with a total of 21 transactions.
The commercial real estate segment sustained to register value sales of USD ~ million in April 2011. The commercial transactions were recorded to be impressive in the areas of Sabah al-Salem districts and Salmiya.
The future of the real estate sector in Kuwait is likely to experience a mixed growth on account of reduced demand for commercial spaces and growing demand for affordable housing properties.
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