Kuwait Real Estate Report Q3 2011: New research report available at Fast Market Research

July 6, 2011 - PRLog -- The outlook for Kuwait's property sector remains reasonable with the strength of the economy underpinning the sector. Kuwaiti financial institution Kuwait Finance House reported that the total volume of real estate transactions in the country rose by 5.3% quarter-on-quarter in Q111. The result follows steady growth in the sector since mid-2009, which has been greatest in the residential property sector due to government housing distribution. Overall transaction volume is forecast to continue to rise in 2011.

We believe Kuwait's economic outlook remains robust, with a strong energy sector combined with a government willing to spend massively on infrastructure projects underpinning our positive view on growth potential in 2011. We believe that Kuwait's economy will be only minimally affected by the political tensions that erupted in the start of 2011 and forecast growth to remain robust at 3.4%, averaging 4.0% through to 2015.

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Full Report Details at
- http://www.fastmr.com/prod/205408_kuwait_real_estate_repo...
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The government is attempting to direct investment in the non-hydrocarbon sector, targeting a host of new infrastructure projects along with investment in healthcare and education. Plans also include the construction of the business hub Silk City at an estimated cost of US$77bn, as well as a new railway and metro system. In addition to this, the government has already begun the construction of three more hospitals and 15 new clinics, encouraged by the development of the Kuwait Health Assurance Company, which will coordinate a private medical insurance system.

Our sources expect that the fortunes of Kuwait's commercial real estate market will reach a turning point in 2011. One particular challenge for the real estate sector is over-supply. This is true for all three cities from which we gather data - Kuwait City, Salmiya and Al-Jahara - and all sub-sectors. According to various industry sources, a large supply of office space in Kuwait is expected from the end of 2011 onwards, with an estimated 350,000m2 set to hit the market over the next 24 months. Almost 60% of this (Al Hamra, Kuwait Business Town, and United Tower) is expected to be completed by the end of 2011. It is expected this supply will put some pressure on rental levels.

Report Table of Contents:

SWOT Analysis
- Kuwait Real Estate/Construction SWOT
- Kuwait Economic SWOT
- Kuwait Business Environment SWOT
Real Estate Market Overview
- Table: Kuwait's Real Estate Market - Rentals, 2009 And 2010 (m2/month, US$)
- Table: Kuwait's Real Estate Market - Net Yield, 2010 And 2011 (%)
- Table: Kuwait's Real Estate Market - Terms Of Rental Contract/Lease, Mid-2010
- Table: Kuwait's Real Estate Market - Available And Vacant Space, Mid-2010 (m2, unless stated)
Industry Forecast Scenario
- Table: Kuwait's Real Estate Market - Rents, 2010-2011 (m2/month, US$)
- Table: Forecast Yield, 2008-2015 (%)
- Construction Industry Outlook
- Table: Kuwait Construction And Infrastructure Industry Data, 2007-2015
- Table: Kuwait Construction And Infrastructure Industry Data, 2012-2020
- Macroeconomic Outlook
- Table: Kuwait - Economic Activity, 2008-2015
Business Environment
- Real Estate/Construction Business Environment Rating
- Table: Middle East And Africa Real Estate/Construction Business Environment Ratings
- Kuwait's RECBER
- Kuwait's Business Environment
- Table: BMI Business And Operation Risk Ratings
- Table: BMI Legal Framework Rating
- Table: Labour Force Quality
- Table: Middle East and Africa - Annual FDI Inflows
- Table: Trade And Investment Ratings
- Table: Top Export Destinations, 2000-2008 (US$mn)
Company Monitor
- National Real Estate Company
- Pearl Of Kuwait Real Estate Company
- Salhia
- Tamdeen Group
- United Real Estate Company (URC)
BMI Methodology
- How We Generate Our Industry Forecasts
- Construction Industry
- Bank Lending
- Real Estate/Construction Business Environment Rating
- Table: Weighting Of Indicators
- Project Finance Ratings Indicators
- Table: Design And Construction Phase
- Table: Commissioning And Operating Phase - Commercial Construction
- Table: Commissioning And Operating Phase - Energy And Utilities
- Table: Commissioning And Operating Phase - Transport
- Sources

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Fast Market Research is an online aggregator and distributor of market research and business information. We represent the world's top research publishers and analysts and provide quick and easy access to the best competitive intelligence available.