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Article: About 45 percent of Kuwaitis own real estate overseas
- Article from:
- Xinhua News Agency
- Article date:
- July 7, 2007
CopyrightCopyright 2007 Xinhua News Agency. Provided by ProQuest LLC. (Hide copyright information)
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About 45 percent of Kuwaitis own real estate overseas
KUWAIT CITY, July 7 (Xinhua) -- Up to 45 percent of the Kuwaiti
people possess real estate abroad, 60 percent of which are for
tourist purposes and enjoy moderate weather in the summer, the
Kuwait's Professional Real Estate Company said on Saturday.
This rate is the highest at the Gulf and the Arab level, Chairman
Faraj Al-Khudhiri of the company told the Kuwait News Agency.
He urged the Kuwaiti firms' overseas real estate marketing teams
to study the "tourist mood" of the Kuwaiti citizens and the
destinations they preferred for summer holidays.
When a Kuwaiti citizen buys real estate overseas through a local
broker, he escapes ...