Kuwait Info.

Prices of real-estate properties namely the housing units have fallen by 50 percent, the Commerce Undersecretary announced on Monday. Rashid Al-Tabtabaei, in a statement to journalists after inaugurating the 22nd Real-Estate and Investment Fair, indicated the prices of properties vary from region to another with regard of the location of the plot, nature of the region and the services available. Economic sectors, namely the real-estate, the finance, the tourism and the oil, in Kuwait and other countries, have been affected with fallouts of the international financial crisis, he said, indicating at the steps that have been taken by the local authorities to cope with these external negative effects. He expressed happiness that 50 companies are taking part in the fair.

Arabtimes