Stop Kuwait's Talal Anzi in the main hall of one of the exhibitions held in Kuwait recently to ask one of the organizers enthusiastically about how to verify the authenticity of the opportunities abroad, and the conformity of the products on display with the reality on the ground, stressing that it received an offer very attractive to buy Dartin (Villten) in Egypt at a low price make it doubted the sincerity of the offer.
He said Anzi told Reuters that he planned to travel to Cairo soon assisted by a lawyer specialist to inspect the drugs himself, and make sure all the details before making the purchase, saying that the process of investment opportunity as long dreamed of entering into the investment world, despite having the modest sum of money, he said.
Talal Anzi is not a unique case, but one of thousands of Kuwaiti citizens, most of whom are seeking to purchase property and land abroad at exorbitant prices are cheap compared with the amounts large amounts required by the purchase of any property or piece of land in Kuwait, which suffered a dearth of land and a significant rise in property prices.
Economists said, experts told Reuters that the high land prices and building materials in Kuwait of the most important reasons why the Kuwaitis to search for a cheap investment opportunities abroad. They said that during the last seven years any since 2003 has doubled the price of land in Kuwait because of the high population and the enthusiasm of many companies and investors to buy land and construction of various types of residential real estate, investment, administrative and commercial.
They also said that the boom in real estate construction has coincided with a relative degree of economic openness shown by the Kuwaiti government to shift to the financial and commercial center in the region after the demise of the threat represented by Saddam Hussein against Kuwait during the nineties and early new millennium.
Mourning, "said Assistant General Manager of the Kuwaiti It is a sunset for the organization of exhibitions and conferences that Kuwait is a small country and the amount of land available for construction are very limited, which leads to a significant increase in the prices of these lands. The mourning 'big obstacle in Kuwait is the land'.
He explained that the purchase of a piece of land with an area 400 meters in residential areas relatively far cost 180 thousand dinars (638.8 dollars), while prices in other countries much lower, which is driving small investors and ordinary citizens to search for investment opportunity small commensurate with their savings.
Haddad pointed out that his company put in one of the exhibitions set up in Kuwait to the ground in Jordan is worth less than a thousand KD has been a large turnout of citizens, many of them they record the names of their children to provide support to them in the future.
He said that Kuwaiti citizen was accepted during the years of the real estate boom before 2008 on the purchase in the United Arab Emirates greatly especially Sharjah, Fujairah and Ras Al Khaimah, in addition to other countries traditionally known as the attract Kuwaitis, such as Egypt and Saudi Arabia, and especially in the Al Khafji, Lebanon, Jordan, Syria and other countries.
In Lebanon, said Mohammed Mashmoushi Sales Manager at Noor International Holding Corporation for the sale of real estate that there is a demand for buying real estate from the Saudis and the Kuwaitis, but there is now some inertia because the topic of buying and selling season is linked to tourism and the political situation. , "He told Reuters, 'We have a project in the north-east of Harissa in Beirut, 326 meters flat rate of one million dollars'.
The chancellor said real estate Nada Fattouh The past year has seen a request from the Kuwaitis and the Saudis to buy real estate in the mountain areas to spend the summer in the mountains of Lebanon.
The price of meter construction in Lebanon generally between $ 1500 and $ 5000 depending on the region and there is the most expensive areas such as central Beirut. The price per square meter to $ 12000 the most expensive buildings in Beirut, a platinum towers.
Imad al-Issa, Director of Sales in the company housing the joint Kuwaiti The majority of Kuwaiti citizens questioned in real estate exhibitions on land prices in abroad to acquire due to their low prices compared to the price of Kuwaiti territory, pointing out that the price of land suitable for building a villa or an apartment building in Kuwait up to 450 thousand dinars, an amount that is not owned by many people.
The head of the Federation of estate agents in Kuwait, Mohammed Al-Hajri told Reuters that the price of the villa with an area of 1000 square meters in the luxury zone Abdullah Al-Salem Al up to 1.5 million dinars, or more depending on the location of the villa and equipment, while in areas a little less like Khaldiya ranges price the same property between 800 thousand and a million dinars.
He said the Kuwaiti citizen Salem Al-Ajmi was negotiating to buy an apartment in Kuwait overlooking the street Morocco rapid consists of two rooms and a lounge area and up to 150 square meters at 80 thousand dinars, but changed because of the high purchase price.
He said that his father bought in the early nineties a piece of land in the area Dhaid south of the city of Sharjah in United Arab Emirates, the amount of four thousand Kuwaiti dinars and sold in 2000 for $ 25 thousand dinars, pointing out that if the wait for more time would have been sold at $ 70 thousand dinars in 2010.
In Egypt, he said Nihad Adel Director General and the Deputy Managing Director of Cold Will Banker real estate marketing 'in Egypt, the Gulf are turning to a certain quality of villas in line with their nature and the nature of their country. They like privacy, so find them turning in Egypt is similar to the European countryside on the desert road '.
The 'prices range from villas bought by the Gulf, Egypt: between 1.6 million and 3.5 million pounds (275 thousand dollars and 603 thousand dollars)'.
Said Mohammed Munir Madkour structured series shows 'Ammar O Egypt', held annually in Kuwait, the Kuwait market and rich delights breasts, indicating that the demand for Egyptian real estate is usually by the Egyptians living in Kuwait or Kuwaiti who wish to own a property in Egypt.
He said that 40 percent of those who accept the Egyptian exhibitions held in Kuwait are Kuwaiti, a large proportion compared to other countries such as Qatar, where the turnout of citizens at national Egyptian exhibitions taking place there, only 20 percent and a similar proportion in Saudi Arabia.
He stressed that the Kuwaitis Madkour acquiring overseas property with two goals in the first use of housing and accommodation, especially in the summer holiday and the second goal is to invest.
Mahmoud said Bushehri Vice Chairman of the Board of Directors of Lien's real estate company homes Kuwaiti Holding Company that Kuwaiti citizens prefer to buy villas and apartments to be used for housing and summer visits, and then they rented in the periods that do not need them and are making them return appropriate, especially in the presence of specialized companies run these projects in terms of maintenance, security, registration and other.
Dr. Khader Baron Professor of Psychology at the Faculty of Science Kuwait University social problem in that the aim of buying real estate abroad is to achieve greater stability and confidence to the future. He added, 'is always equal to the drug stability, and stability is to reassure children and the future, when many of the psychological comfort'.
He pointed out that the Kuwaiti citizen who buys a property abroad usually seeks to diversify its investments to reduce the size of the danger against it, pointing out the increasing interest of Kuwaiti citizens to purchase property abroad after the Iraqi invasion of Kuwait in 1990.
The Baron 'crisis occupation of Kuwait gave the lesson for many people to have a house in another place .. (If) does not, God forbid, something happened that certain of Kuwait have a house in which lived abroad ', indicating that this wave subsided, although relatively recent, but still exist.
He added that Kuwaiti citizens seeking to buy in the States politically stable, such as Europe, Arabia, Egypt and Jordan, noting that the focus is always on the Arab countries and Gulf countries in particular because of man's pursuit of Last among people who resemble them in habits, traditions and language.
He said that the Kuwaitis are always looking to buy in certain areas in some countries, such as mountain areas in Lebanon, including parts and Bhamdoun Hamaneh Qirdail and which may equal the number of Kuwaitis in the summer, the number of Lebanese. He said they usually visit one another there and spend their time together and share food and gifts to stay as close to each other gives them a greater sense of security.
U.S. dollar equals 0.2818 KD.
Dollar equals 5.80 pounds.
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