ONE IN THREE APPARTMENTS EMPTY, RESIDENTIAL PROPERTY OWNERS HAVE REDUCED RENTS BY 15 TO 25 PER CENT IN KUWAIT

  • 04/07/2021

Kuwait City: "Most recent measurements on the land area in the country by the Public Institution for Civil Information (PACI) uncovers that of the show the all out number of lofts in all governorates is around 346,752 absolute condos in all governorates, 105,897 stay empty as of the finish of December 2020, which means around one of every three lofts in the nation being unfilled. 


As per the measurements, Hawalli Governorate finished off the rundown of empty lofts with 40,514 of the absolute 142,951 condos in the governorate left empty. This was trailed by the Ahmadi governorate with an aggregate of 89,000 condos of which around 20,000 are empty, and in third spot was Farwaniya governorate with a sum of 82,293 lofts, of which 18,990 are empty. In fourth spot was Capital governorate with an aggregate of 15,303 lofts of which 4,755 were empty condos.

 In the penultimate position, is Mubarak Al-Kabeer Governorate with 9,287 condos, of which 6,404 are vacant, lastly, Jahra Governorate, with an aggregate of 7,763 lofts, including 1,517 void. 

The expansion in the quantity of empty lofts in Kuwait is firmly connected to the public authority strategy of accomplishing a segment balance in the populace structure through Kuwaitization of public and private area occupations and debilitating the issuance of new visas to outsiders that started a couple of years prior. The circumstance deteriorated with the flare-up of the COVID-19 pandemic that prompted the flight of many families from Kuwait, which seriously affected the land area.

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