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Real estate sector warns about the negative effect of demographic law

Friday, September 25, 2020
Real estate sector warns about the negative effect of demographic law

The real estate sector has warned against enacting laws that would negatively affect the real estate sector, which includes laws related to the restructuring of demographics and ending residence of expats above 60 yrs of age.

These types of decisions will seriously damage the economy, the sector warned. It noted that many of those over the age of sixty years are either merchants, who occupy commercial or investment properties.

The real estate sector plays an integral part of the economy in all countries and any decision to implement such decisions without complete study will hamper countries development and will significantly affect the economy in general.

The investment sector depends on its performance on the expatriate segment. Any damage to the real estate sector will harm many other sectors, especially the financial sector, as it constitutes a large part of bank loans.



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Santosh Jackson Hardik
Saturday, September 26, 2020
@William DSouza
Until few weeks back you were crying to go back to your kannadiga homeland because you were stuck here. Now all of a sudden you want to work?

William DSouza
Saturday, September 26, 2020
Why US is richest country in the world? Why US is encouraging elder people to work? They are brilliant, knows they have outstanding experience. Sincerity, the country losses nothing but securely enriches the country where they work....

Expat
Saturday, September 26, 2020
Slowly awakening to the reality scenerio of hasty laws...heehee

SAYYAD MUHAMMED HASAN
Friday, September 25, 2020
100% it will be a huge hit on economical value for the entire state

Cheers
Friday, September 25, 2020
If real estate renting facilities don''t work out, you can always use the same for touristic purposes..... provided there is something to tour in Kuwait.

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