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...
What is BaPDA doing to ensure the long-term sustainable development of the real estate sector?
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...
How has the political unrest in Bahrain affected the real estate and construction sectors?
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,...
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