Kuwait City: Despite price inflation reaching record levels, which caused a decrease in trading volume and a rise in interest rates, the Kuwait International Bank (KIB) reported that the private housing real estate sector in Kuwait's governorates saw a relatively modest increase over the last six months compared to last year. According to KIB's semi-annual real estate report, Kuwait's private housing market continued to grow at a cautious rate over the first half of this year, when rates of price growth relative to the previous year varied between 4.7% and 6.1% for various governorates. The report’s data showed the varying rates of change in prices between the end of 2021 to mid-2022 for each governorate, so that during that period Ahmadi recorded the highest rate of change in the increase in primary prices per square meter, while Mubarak Al-Kabeer witnessed the lowest.
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