Faraj Al-Khudhari, Chairman of the Kuawait-based Al-Mutakhasses real-estate company, announced yesterday that although the year began with bearish indicators, where the value of the property transactions amounted only to 79 million Kuwaiti dinars in January, it has since grown, reaching KD 114 million in February.  The value of real-estates deals grew further, posting KD 151 million in March, which may signal that the sector could witness a record leap in the months ahead.  The number of the deals has increased from 294 in January, to 358 in March and 434 in April.  Al-Khudhari linked this upward trend to an increase in loans by banks and also a desire among investors to take advantage of the period of the low prices before the projected upsurge of prices.

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