If the government claims it doesn’t intervene in private housing real estate prices based on the principles of “owner’s freedom to manage their property” and “market freedom” in setting prices according to supply and demand, it has free measures that can significantly limit the astronomical prices affecting Kuwaiti … Read the rest
Excessive rents suffocate both society and the economy.
How?
After completing a property construction, there is no new product.
True, real estate, whether land or building, is very important, but its social and economic importance is similar to the importance of building foundations that support everything above it: productive people, industrial and production tools, display and storage locations, … Read the rest
One group asks “Most of Kuwait’s land is empty, why don’t you build residential areas? Why don’t you build border cities?” Another group says “Cultivate the land, we don’t want ready-made houses!”
The attached maps show the natural urban and population expansion over decades for four countries with varying areas, population, geography, and economy:
– Bahrain
– Hong Kong
– … Read the rest
Unfortunately, the Minister is heading in one direction while the youth are lost in all directions
A person’s ability to secure suitable housing through their own labor and freely choose where to live is strongly connected to human development and is one of the most important requirements for a dignified life.
It is also a fundamental pillar in developing confident, … Read the rest
