Kuwait property sales up 41%

Real estate sales in Kuwait have surged by 41% to KD193.15m ($672.6m) in the year to November 2009, from KD137.01m in November 2008, Reuters has reported. Residential property deals, which represent the biggest portion of total real estate transactions, were up 36% to KD87.56m, compared to KD64.38m a year earlier. Investment property sales rose 1.1% to KD66.74m, while commercial property rose almost six times to 38.85m in November, compared with the same month a year earlier.