KD 350 FOR LIVINGROOM-BEDROOM…KD 1,000 FOR MODERATE HOUSE

While the government is contemplating lifting the subsidies on fuel and electricity, warning bells are already ringing of possible inflation of prices for most consumer services and commodities, and increased likelihood of unjustified hike in house rents throughout Kuwait. Until now, the rents have increased by 60 percent and they are expected to increase further even though this phenomenon has no link with the housing crisis in Kuwait.

This hike in rents has affected all types of accommodations — apartments, houses, flats, chalets and even villas. Considering that the rate of rent hike is determined by geographical and social aspects, both citizens and expatriates unanimously affirmed that they are not earning enough to deal with the increasing rents.

They questioned the irrationality in charging KD 350 rent for a small apartment with one bedroom and a living room and KD 1,000 for a house in a residential area. The landlords explained that the increase in rents is due to the high cost of building materials, land and their financial installments to the contractors, insisting that the rate of increase in rents is logical and in proportion to the inflation rate in most aspects.

Source : Arabtimes (Jaber Al-Humoud, Eman Al-Beli and Khalid Al-Hattab Al-Seyassah Staff)

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