By Avinash Saxena
GCC real estate transactions are on course to eclipse 2019 levels this year, with new analysis suggesting residential prices have bottomed out from the impact of Covid-19, and the lows of 2020.
Kuwait-based Kamco Invest’s GCC Real Estate Update Aug-2021 shows value transacted in H1-2021 reached $64.9 billion and has approached within 26 per cent and 32pc of the full year figures of 2020 ($90.5bn) and 2019 ($96.5bn) respectively.
The higher transaction activity year-on-year (YoY) in H1-2021 was largely due to opportunistic buying of bargain-priced properties, as property prices reached multi-year lows from the impact of Covid-19 in early 2020.
Read more: https://www.gdnonline.com/Details/964942
