Executive Summary
Kuwait's Real Estate market is recovering and gathering pace following supportive governmental measures and the rebound in oil prices. Macroeconomic trends suggest that the market has bottomed out and is on the path of recovery in 2022. Disruptions from the COVID-19 pandemic is expected to smoothen in the near term owing to rapid vaccination. Kuwait's growing national population and youthful demographic bode well from a demand perspective in the long term for Real Estate. The new mortgage law being proposed in Kuwait for the private housing sector will allow Kuwaiti banks and financing companies to extend mortgage loans to citizens. Despite the expected increase in liquidity due to the new mortgage law, it is likely that there will not be a real increase in the percentage of home ownership by citizens.
