Housing rent devours 51% of Kuwaitis salary

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‘Total number of applications at Nov numbers 91,000’

KUWAIT CITY, Dec 10: The high demand for housing services came at the forefront of the challenges facing the new government, which prompted it to pledge to find housing alternatives for about 40% of the housing applicants who have approached the Public Authority for Housing Welfare, reports Al-Qabas daily. The daily put the total number of applications at the end of last November through the approval of a number of laws at about 91,000, including a draft law to provide housing lands and involve the private sector in housing projects, a draft law on real estate financing for private housing, a draft law establishing public jointstock companies to build residential cities and the establishment of a Land Regulatory Authority.

According to a study carried out by the National Center for Development Research, it indicated that the average income of an employee is 1,320 dinars per month, and the average rental value of housing in residential areas ranges between 550 dinars and 800 dinars, meaning that the rent accounts for about 51% of the salary.

The study indicated that the increase in the number of applicants requesting the right to housing care is due to the lack of opportunities to obtain housing outside the scope of the Public Authority for Housing Welfare (PAHW) at a cost that enables the citizen to buy his own home, as the level of housing prices exceeds the capabilities of the citizen. The study identified a number of reasons behind the housing crisis such as the rise in housing prices and rents. The private housing sector in Kuwait suffers from a lack of supply and an increase in demand, which led to a significant increase in prices during the past years and this is in addition to high land prices due to the scarcity of ownership and add to this the state monopoly of about 90% of the land and poor management of the problem

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