Mubasher: The sales of the real estate sector in Kuwait shrank by 5.4% since the beginning of this year until August on an annual basis, with expectations for a further fluctuation in the investment and residential real estate segments for the coming six months, according to a report issued by the National Bank of Kuwait (NBK) on Monday.

Total sales of the real estate sector stood at KWD 1.5 billion in eight months; the residential segment registered a strong performance, while the investment and commercial real estate sectors recorded a recession.

Sales of the residential real estate segment in Kuwait improved by 23% from January to August.

Meanwhile, the sales registered in the investment real estate sector did not witness an improvement in 2017, the NBK’s report said.