Bahrain’s total real estate trading between January and September-end has passed BD1 billion ($2.6 billion), an increase of 45 per cent compared to the same period last year, it has been revealed.

Shaikh Salman bin Abdulla Al Khalifa, head of the Survey and Land Registration Bureau, said the volume of trading in the third quarter alone reached BD285.5 million ($757 million), a 47 per cent rise compared to the same period last year, reported the Gulf Daily News (GDN), our sister publication.

The figures were revealed in an interview with our sister paper Akhbar Al Khaleej.

Shaikh Salman said this increase indicates a positive economic atmosphere and emphasises investor confidence in the country's real estate market.

He attributed the increase to government policies to streamline the market and said he had also approved an electronic real estate document to reduce waiting times, parallel with the traditional system.

“Afterwards, there will be a gradual switch to the electronic system,” he said.

He stated that development and modernisation would continue through simplified procedures and reduced waiting times. - TradeArabia News Service