Bahrain's property market continues to gain momentum, as numerous sectors in the market across the kingdom are benefiting from newfound demand and the start of an economic recovery.

 

The biggest beneficiaries of this demand are the projects that have larger yet affordable homes, according to the latest report from Property Finder Bahrain.

 

Despite governmental restrictions due to Covid-19, Propertyfinder's Bahrain unit recorded an increase of 2.3 per cent for apartment leads, and a 23 per cent jump in leads for villas listed for rent when compared month-on-month for June, highlighting that most users on the site are searching for a bigger space with added facilities and amenities, such as pools, gyms and gardens.

 

The sale market has also seen a rejuvenation of interest, with leads increasing 14 per cent for apartments for sale, and almost 9 per cent for villas for sale in the same time frame.

 

“We are seeing a renewed interest in the real estate market and can safely assume that according to the numbers we are recording, both the sale and rental market are on an upward trajectory,” remarked commented Khaled Al Saeh, Country Manager of Property Finder Bahrain.

 

“We have also noticed a change in requirements and preferences of end-users, which began during the pandemic, and has continued to create interesting search trends,” he added.

 

Location wise, the biggest hotspots are Al Juffair, Manama and Amwaj Islands, which remained the top three 'most in demand' areas for apartment rentals in the second quarter.

 

"However, we can see that Hamala, which was the fifth top searched area for villa rentals in April, has commanded the third spot in May and June, indicating a shift in overall user behaviour and preference. Units in Hamala are larger and are more affordable, which may be the reason for this shift," he added.-TradeArabia News Service