US EditionGovt measures, market stagnation drive down prices of chalets in Kuwait - Times Kuwait
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Govt measures, market stagnation drive down prices of chalets in Kuwait - Times Kuwait
State-owned chalets in Kuwait, once highly sought after due to their prime location and sea views, are experiencing a significant decline in prices. This is attributed to recent government decisions affecting usufruct and profits, as well as stricter measures for collecting overdue debts, according to Al-Qabas daily. Real estate experts, highlight the imposition of additional fees and a natural end to the real estate cycle as factors contributin…
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