Kuwaiti property sales fell 35.2% in February, the eleventh straight month of decline, official data shows.

Residential property deals, which represent the biggest proportion of total property transactions, fell 52.59% in the year to February to 45.81 million dinars (US$155m), according to the government data obtained by Reuters.

Investment property sales fell 56.4% in February to 20.48m dinars, while deals in property classified as commercial almost tripled to 34.88m dinars from 12.49m dinars a year earlier, the data showed.

The National