The Kuwaiti government cabinet has approved the rule that foreigners can also own real estate in Kuwait. But of course there are rules. Prospective owners who do not hold a Kuwaiti passport should never be convicted of a criminal offense in Kuwait
They must also be long-term residents and be able to prove their income in that country. The apartments that foreigners can buy can be up to 350 square meters and this may be their only rent apartment kuwait
The process of buying a house in Kuwait
1.Obtain approval to purchase the selected property
If you decide to search for houses for sale kuwait remember that you must find the exact property that suits your needs. As a real estate agent in Kuwait, they are not as common as you might be used to. However, there is at least one that is popular with Lmeter property buyers in Kuwait. So do your research and enlist their help. They guide you through the home buying process and undoubtedly make it a lot easier.
Once you know what property you want to buy, you need a good local attorney. They will help you file a complaint with the Department of Justice. You must also present your passport and proof of employment and income. The Ministry of Justice will first examine your application and, if there are no objections, forward it to the Ministry of the Interior. This is where the final approval takes place, which can take up to six months.
After final approval, collect all payment receipts for various surveys, inspections and sales records. Take it to the Kuwait Expropriation Department where you will receive the title deed. Finally, all you have to do is find the right household contents insurance. Buying a rental home or villa for rent in kuwait can be a lengthy process. Therefore, allow yourself enough time to complete it.
2.Moving to Kuwait
The most important thing to remember is that the real estate market in Kuwait is a growing market. As such, it is characterized by dynamism and constant change. Therefore, set your priorities and study the real estate market firsthand
By moving here you will also get to know the real estate market better. The most important thing to remember is that the real estate market in Kuwait is a growing market. As such, it is characterized by dynamism and constant change. Therefore, set your priorities and study the real estate market firsthand
Things to consider before buying a new home
Create a wish list. What do you want from your new home? Because of the prices, however, you have to be willing to compromise just make sure not to pay for space because the prices are too high
Furnished or not: If you want your own furniture then buy an empty house. You can also find the house partially furnished. With air conditioning and small furniture. Also check the windows and insulation.
Budget: Ask your real estate agent if you can buy a home within your budget.
Backyards: For example, if you have a dog, you must have a yard. Also, it is the perfect place to relax, especially if you like BBQ. You can invite your new friends and neighbors to try out their specialties. And when we talk about food, do not serve them with pork.