Trends 8: The Bahraini Real Estate Market is active
The volume 8 of Trends report issued by Propertyfinder, a real estate technology company (Proptech) confirmed that demand is active in the Bahraini real estate sale market, although prices appear to be unsteady in some areas.
The report explained that the sale prices of villas are initially offered at a high price and then slowly decline to prove a more stable pricing strategy over time.
The report showed that real estate selling activity, despite price fluctuations in some areas, has begun to stabilize on a more stable indicator during the past two years in an increasing number of neighborhoods.
The report pointed out that apartments are among the most searched for real estate units in Bahrain, especially with the entry of a number of new units into the market. And that the villas are enjoying high levels of demand with the increasing number of units that are ready for delivery and the increase in the number of units available in the market.
The periodic report of the analysis of the Bahraini real estate market pointed to the continued prices fluctuations in the rental sector and outlined that the data of www.propertyfinder.bh shows that the prices of the Southern Governorate and Muharraq Governorate have more than doubled compared to the periods of January – June 2021 with January – June 2022.
It is noteworthy that Property Finder Bahrain regularly monitors emerging trends and analyzes consumer behavior and news, and transmits this information and data analysis to those interested in market affairs through its website and through its publication in the local press.