So, you are planning to buy a home in Kuwait. That is nice, but it may not be so simple. Kuwait has strict rules regarding foreigners owning properties. There are some conditions that you have to meet before you are allowed to make a home purchase in this beautiful Arab country. However, even if you fulfill all that is required, you will still have to deal with finding an appropriate home in this crowded and limited real estate market. Moreover, you will have to deal with undefined regulations and fees. That means that it will take some time to buy a perfect home in Kuwait. If you are already in the country, rent a warehouse Kuwait for your belongings. And prepare for a challenging and time-consuming home hunting in Kuwait.
It all depends on the location
Home prices in Kuwait, like anywhere else in the world, mostly depend on the location. So, it is not strange to find that homes located in the city center are three or more times more expensive than those outside of the city center. Of course, it depends on the city as well. It is not the same to buy a home in the center of Kuwait city or in Fahaheel. So, just to have a rough picture regarding home prices in Kuwait here are some of the averages.
How much does it cost to buy a home in Kuwait City?
If you are planning to move to Kuwait, Kuwait city will probably be the first place to consider. It is the country’s capital with many foreigners already living there. So it is not strange that it is the first choice for anyone who is moving to Kuwait. Of course, like in any other city, you can find a wide range of property prices.
Property prices in the center of Kuwait City
The lowest price that you can expect to find in the city center is $306 per square feet. Of course, it is not very likely that you will find that kind of offer. The highest property prices in the center of Kuwait City reach up to $3,296 per square feet.
Property prices outside of the center of Kuwait City
As you move outside of the city center, the prices get more affordable. Offers range from $131 per square feet and up to $612. Of course, you can expect that the overall living expenses are also much higher here than in the rest of the country.
- Lowest home price per square feet in the center of Kuwait city is $306
- Highest home prices in the center of Kuwait city reach up to $3.296
- The average price in the center of Kuwait city is $644 per square feet
- Lowest home prices outside of Kuwait City center are around $131 per square feet
- Highest home prices outside of Kuwait City center reach up to $612 per square feet
- The average square feet price outside of the city center is $264
Average monthly utility costs in Kuwait city
Of course, when you are thinking about moving and buying a home in Kuwait City you need to inform yourself about the living costs. Naturally, if you are planning to buy a home in Kuwait, before calling residential moving companies Kuwait for your relocation, you will want to know about average utility costs.
For an average 915 square feet apartment, the costs of basic utilities that include electricity, heating, cooling, water, and garbage range from $16 to $65. So, that is an average of $40 for basic utilities in Kuwait City.
Also, you will need to count on the Internet. With the speed of 60 Mbps or more with unlimited data, it averagely costs around $26.
How much does it cost to buy a home in other Kuwait cities?
Of course, there are other places in Kuwait where you can find quality housing and employment. But, since you need to have permanent employment in Kuwait to be able to buy a property, the location of your new home will be dictated by your job’s location. Here is the list of home prices on other Kuwait cities.
- An average home price per square feet in Abu Halifa city center is $6,118.
- $1,529 is an average home price per square feet in Al-farwaniyah city center.
- If you are looking for more affordable solutions, $305 is the average price per square feet in Al-jahra’ city center.
- You could find even cheaper properties that averagely cost only $260 in As-salimiyah.
- Average apartment prices per square feet in Salmiya are around $611.
Find a reputable real estate agent that will help you to buy a home in Kuwait
If you are planning to buy a home in Kuwait, you should find a good and reputable real estate agent that will guide you through the process. It is important to understand that due to the infancy of regulations, lack of transparency, and still unclear procedures concerning foreigners buying a property in Kuwait, there is a big risk of corruption. That is something that could noticeably affect the final price of your home.
So, to apprehend all unnecessary costs, hire an experienced real estate agent that will help you in this complicated procedure. The best place to find reputable Kuwait realtors is the internet, of course. But, if you are in the country, you could also search through the local press to find them.
Find reputable movers after you buy a home in Kuwait
If you managed to find a perfect home in Kuwait, then all you have to do is find a reputable moving company that will transport your items to your new dream home. Of course, finding a reputable movers is always a challenge. If you have trouble with finding reputable movers, check moving service Kuwait. They are reputable professionals with years of experience in all types of difficult relocations in Kuwait. And they may be exactly what you are looking for.