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Drop in expats population leads to increase in number of vacant apartments in Kuwait

Monday, October 2, 2023
Drop in expats population leads to increase in number of vacant apartments in Kuwait

The increase in expats layoff caused an increase in number of vacant apartments in Kuwait resulting in property sales drop across the country. According to local English daily Kuwait Times, the number of uninhabited rental investment apartments in Kuwait reached around 50,000 by the end of the first half of this year.

According to report, the residential property sales experienced a significant downturn, reaching KD 363 million, the lowest levels since the second quarter of 2020. This is primarily due to a reduction in the number of property transactions. The expatriate population continues to face challenges that limit their spending and even force some to leave. Additionally, restrictions on granting visit visas to expatriates have contributed to a surge in vacant apartments, with their numbers exceeding, the daily added.

During the first half of this year, there was an unprecedented annual decline in the growth rates of the expatriate population. Growth dropped from 5 percent over the past five years to approximately 1.8% in the previous year. is now on WhatsApp Channel    Follow Channel

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Anu Bhai
Thursday, October 5, 2023
Flats are empty. But the flat rooms are very small in Jaleeb and Salmiya. Two bedrooms cost KD 230 - 270. But the flat doesn''t worth for these cost.

Wednesday, October 4, 2023
Poor countries like India are thinking of how to attract more tourists and visitors to the nation! By covering the slums in the bigger Indian cities, they boast being the Host of G20, Common wealth games! On the other side, rich countries like Kuwait are discouraging their visitors, tourists due to their disability to deal with the large crowd in the country.
Here as well as in India, the problem is the poor mindset of bureaucrats or decision makers in the ministerial level who got no experience outside their office job.
And they make crucial decisions relating to the socio-economical aspects of the country with no second thought and with no enough study and at the end it results in economic slow down of the country.

Wednesday, October 4, 2023
Some areas where Indian population are more like Mahbula \Mangaf\Jaleeb rents has come down ...but in arab dominated areas like Farwaniya\hawally rent is same or little bit increased.
Salmiya also has the same rents

Gopal shetty
Tuesday, October 3, 2023
The rent has drastically decreased at Mangaf. A double bed room costs KD 190 per month currently.

Monday, October 2, 2023
Actually, most of the people are migrating to European countries, they opened their doors to expats.

Monday, October 2, 2023
But still there is no decrease in rents,

Akhtar husain
Monday, October 2, 2023
Fatal rent

Monday, October 2, 2023
Once family visa opens, all flats will be over crowded.

Anas Parkar
Monday, October 2, 2023
The restriction of Visas should be removed. This is really hitting the economy of country.

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