Kuwait issues new mortgage financing law for housing beneficiaries
KUWAIT: Kuwait has issued a new decree-law governing mortgage financing for housing welfare beneficiaries, aiming to ensure a sustainable supply of adequate housing for Kuwaiti citizens, the Kuwait News Agency (KUNA) reported on Sunday. Decree-Law No. 114 of 2026 sets out the rules for supported and non-supported mortgage financing, repayment terms and the responsibilities of banks and financing…
Kuwait has introduced a new mortgage financing law aimed at ensuring a sustainable housing supply for citizens, as reported by Gulf News. Decree-Law No. 114 of 2026 outlines the rules for supported and non-supported mortgage financing, repayment terms, and responsibilities of banks and financing entities. Beneficiaries must meet general conditions set by Kuwait Credit Bank and cannot have previously received housing welfare from the State.
The law allows for combined supported and non-supported financing, subject to Central Bank of Kuwait regulations.
Brief written by urgent.news from Gulf News's own syndicated text. Machine-written — may contain errors; check the original before relying on it.
