After several years of successive growth, South Africa’s real estate sector felt the full force of the global economic crisis in 2008. The industry has been no more able to avoid the economic shockwaves than its counterparts around the world. Although the 2010 FIFA World Cup offered some respite, 2011 has seen a downturn and little appetite among...
While the 2010 football FIFA World Cup continues to crop up in conversation across industries in South Africa, it dominates the narrative in the construction sector unlike any other. The event, for which the government invested R28bn ($3.4bn), has become the major reference point for contractors, a peak from which their fortunes rapidly declined. A...
With a large supply of residential, office and commercial space having come onto the market in recent years, the real estate sector in Bahrain is going through a period of transition as it works to absorb excess capacity. While development has slowed, financing has become easier for developers to obtain, thanks to higher levels of liquidity in...
As in many other GCC countries, the mortgage market in Bahrain was once almost exclusively the domain of the state-owned housing bank. However, this has changed over the last decade, following the 2001 constitutional amendment that allows for foreign freehold ownership of certain types of real estate. Today, more than a dozen retail banks, including...
Despite a challenging few years, the construction sector in Bahrain looks set to grow in 2012. In the private sector, demand has fallen off in some segments, such as high-end and mixed-use projects, but local construction and development companies have reoriented towards other areas of the market with more growth potential. Indeed, the government,...
Social housing is certainly not a concept unique to Bahrain – around the globe, governments provide reduced-cost homes for low-income citizens. The Kingdom’s rapidly growing population is likely to cause an increase in demand for social housing that will require additional support to meet. Accordingly, the government has turned to the private sector...
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