Real estate trading up 44 pc in Bahrain
Manama, July 3, 2014
Bahrain has made a major leap in real estate trading in the first half of this year.
The total real estate trading amounted to BD722.6 million ($1.9 billion), an increase of 44 per cent compared to the first half of last year, Survey and Land Registration Bureau chief Shaikh Salman bin Abdulla Al Khalifa said.
The volume of trading in this year's second quarter amounted to BD78.3 million, an increase of 23 per cent compared to last year.
Shaikh Salman ascribed the growth to Bahrain's positive economic environment, which has boosted the confidence of real estate investors.
Gulf real estate investors' trading, until the end of last month, amounted to 139 per cent while foreign investors' trading amounted to 22 per cent. - TradeArabia News Service