Article: About 45 percent of Kuwaitis own real estate overseas

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 ...

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