The liquidity in the real-estate trading fell 35 percent in the third week of October, and the total trading value was approximately KD80.2 million on 137 transactions, against the second week, about KD123.4 million on 143 transactions.
This minor decline in the number of transactions, not exceeding four percent, is an indication of the ongoing trading activity of the smaller and low-priced transactions.
According to the weekly report of the Real Estate Registration and Documentation Departments at the Ministry of Justice for the period October 19-23, the real estate sector has entered a downward trend, except for the slight improvement in the commercial sector.
The shops sector has also returned to trading after a long break of several months, with two deals worth KD660,000.
In the second week, liquidity in the private transactions was reduced by 24 percent, with the trading value having declined to KD32.6 million as opposed to 43 million, and the number of transactions reduced to 93 deals as opposed to 97 deals, almost four percent, demonstrating that there was still a demand in small residential properties.
The investment sector experienced a drop of KD32.1 million on 36 transactions versus KD50.2 million on 40 transactions the week before, a 36 percent drop in value and a 10 percent drop in transactions.
It is indicative of the deceleration of the buying activity by investors and the predisposition of some to a wait-and-see stance towards the close of the final quarter of the year.
Commercial transactions, on the other hand, doubled by 100 percent, with four transactions standing at KD14.8 million, against two transactions at KD21.4 million in the last week.
This represents a reduction in value of 30.8 percent, which reflects constant action in this sector, although at reduced values because of the different sizes of properties traded.
