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FINANCIAL NEWS
Bahrain’s real estate transactions up by 59% in H1
19 Jul 2012
(MENAFN) Bahrain’s Survey and Land Registration Bureau stated that during the January-June period, real estate deals surged by 59 percent in terms of value to USD842 million, reported Arabian Business.
The bureau added that of the total transactions, 81 percent were carried out by local investors, whereas 8.87 percent were executed by GCC investors, and overseas investors represented 10.1 percent.
Real estate consultancy Knight Frank said that during the first quarter, prime rents in Manama were the worst performing in the world, as the effects of the political upheaval that swept the country last year continued to impact the real estate sector.
It is worth noting that between December 2011 and March 2012, rents in the Bahraini capital declined by over 16 percent.
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