With more expats leaving Kuwait, 52,000 residential flats remain vacant

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About 52,000 flats out of a total 371,000 flats in Kuwait are empty, a recent study by Kuwait Real Estate Association has found.

This amounts to about 14 percent of the total available flats in 13,353 residential buildings in the country.

According to Arab Times, real estate experts expect this phenomenon to increase in the coming summer season particularly by the end of June 2018 when the school year will come to an end.

They indicated that a number of expatriates are planning to leave Kuwait, and some of them have already informed the owners of their buildings about their intention to leave.

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The experts explained that a huge number of expatriates, due to the increase in medical fees, electricity charges as well as prices of different commodities and services, are planning to send their families home in order to limit the expenses.

The recent increase in the prices is not accompanied with increase in salaries which has increased the financial burden for expatriates.

Published on 26 March 2018

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