Kuwait City: Due to the decrease in real estate transactions and the increase in banking interest rates, the price of real estate in the Sabah Al-Ahmad Marine and Al-Khairan areas has decreased by about 15% since the end of the second quarter of this year. However, according to real estate sources, there was a noticeable decline in "chalet" deals in these two regions for a variety of reasons, including the increase in interest rates, which in turn affected some of the sector's liquidity, as well as the fact that real estate prices reached fantastic heights during the previous period, which restricted consumers' purchasing power to a particular category.
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