The Mortgage Finance Law

The most talked-about topic in Kuwaiti real estate right now is the long-awaited Real Estate Finance (Mortgage) Law. With over 103,000 pending housing applications piling pressure on the state, the government is in the final stages of passing legislation that would allow commercial banks and licensed finance companies — not just Kuwait Credit Bank — to issue home loans.

📌 Key figure: Without the law, the cost on the state could reach KD 29 billion ($95 billion) over five years. Under the draft, eligible citizens could borrow up to $750,000 over terms of up to 25–30 years, with the state covering interest costs for supported facilities. Experts describe this as a structural shift that will stimulate bank lending, support developers, and improve housing access for thousands of Kuwaiti families.