Lands for Exchange in Kuwait (78 Ads)

On this page, you will find hundreds of lands offered for exchange. In the event that the two parties agree, it is possible to exchange a land with another land, taking into account the price difference and paying this difference to the other party. The exchange is an excellent mechanism for moving and stimulating the real estate market, as it is characterized by easy procedures and saving time and effort, in addition to combining two deals at the same time. As the exchange process between the two parties is based on the sale of land or a house and the purchase of another in one transaction with paying the difference price for the new property or obtaining the difference price for the old property.
Some make the internal exchange in the same residential area, and this is due to his desire to exchange his land with another land with different advantages such as: normal land (ie without advantages), corner land, two side land, head land (three streets), land with big frog space,, land close to services such as the branch, the association, the mosque, car parkings, or petrol. Sometimes he exchanges for the sun’s side in relation to the land or property, which is: an eastern, western, northern, or southern side. And some exchange their land with a housing request.
The Public Authority for Housing Welfare in Kuwait is establishing new residential cities and allocating lands for Kuwaiti citizens. It provides beneficiaries with the option of exchanging lands or housing applications among themselves, or the possibility of waiving housing alternatives distributed on plans or actually delivered. The purpose of this system is to provide an opportunity for these beneficiaries to choose the area in which they wish to live. And while the institution has reduced the times of exchange and assignment to only one time, after it was previously allowed to exchange twice, and the third time is allowed, but recently and after entering the competent committee, The Public Authority for Housing Welfare has stipulated exchange or waiver operations, the existence of reasons accepted by the institution, and that the exchange of vouchers will be before the start of construction, and not obtaining a housing loan or benefiting from building materials, or after its completion, in order to ensure the ability to sell and return the right of the state and the money spent And the institution has completed its conditions that the replacement process should be among the beneficiaries without being bound by the priority of registering the housing request after they receive the housing alternative.
The Public Authority for Housing Welfare issues different decisions for each area as it deems appropriate, such as stopping or opening the door to the external exchange, as well as the internal exchange, as it deems appropriate, and it may exclude some areas from its decisions.
The housing demand exchange market has become very active in the State of Kuwait in its various areas and governorates. However, exchange operations are active in the most important areas: Mutlaa, South Sabah Al-Ahmad, Nawaf Al-Ahmad south of Saad Al-Abdullah, Sabah Al-Ahmad Residential City, south of Abdullah Al-Mubarak. Some also do exchanging housing requests under the pretext that the desired area is close to the areas of residence of their relatives or tribe, etc., and there are those who prefer exchanging because of the uniqueness of the area, as there are many areas that witnessed demand and others that witnessed a disinclination from it.