Bahrain's realty market rises 45% in last 9 months

Survey and Land Registration Bureau compare same period last year

NEWS, Business, Bahrain

Trading in Bahrain’s real estate market surged by 45% over the past nine months, compared with the same period last year.

According to official figures released by the Survey and Land Registration Bureau (SLRB), the overall trading in the real estate sector topped a record BD1.008.203.404, from January up to late September 2014.

SLRB President Shaikh Salman bin Abdulla Al-Khalifa described the real estate boom in 2014 as being unprecedented, compared with trading results in past years.

Trading in the real estate market soared by 47% in the third quarter of 2014, to top BD 285.534.287, as compared with third quarterly results last year.

"The positive economic outlook fostered confidence among Bahraini businessmen," said Shaikh Salman bin Abdulla Al-Khalifa, stressing the importance of the positive results in encouraging GCC businessmen to invest and trade in Bahrain’s real estate market.

According SLRB figures, GCC investments topped 98% by the end of September 2014, while foreign investments in the real estate sector increased by 34%.

 

 

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