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FINANCIAL NEWS
Bahrain’s real estate market stabilizes: CBRE
23 Apr 2013
(MENAFN) CB Richard Ellis stated that the real estate market in Bahrain has stabilized in most regions, reported Arabian Business.
CBRE said that the ongoing political instability is still restraining a complete recovery.
It added that for a number of consecutive quarters, residential rental rate have hit their lowest point, and have been stable at these levels.
Meanwhile, sales prices grew by 10 percent over the past six months in Riffa Views, according to mortgage lenders, who added that unit prices in the area have now increased by almost 20 percent compared to 2011.
It is worth noting that the total value of real estate deals surged by 46 percent in the Kingdom last year from 2011.
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