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Bahrain » Market Report Bahrain’s property market has soared in the past year, outpacing the stock market, which rose almost 30 percent in 2003. Easing of residence and ownership restrictions have made property in Bahrain more attractive.
Demand and supply for residential sector in real estate can be broken down into two categories;
Despite the increasing activities in the real estate sector, there exists shortage of housing in Bahrain, especially in the low to medium income family range. In Bahrain, about 3,000 marriages are conducted each year and assuming a 50 percent requirement of housing units, about 1,500 houses are needed per annum on a continuous basis. In Bahrain you can find a wide spectrum of properties from well furnished 1 roomed apartments to exclusively furnished business suites, which fill all your requirements. Over the next few years a whole swathe of real estate projects will come on stream that will make property investors look further at this market.
International Property Brokers forecast that the GDP growth of the Bahrain will remain robust in the nest upcoming years. This increase in GDP will be due to the high oil prices and the regional property and trade boom in the neighbouring area. The prices of oil will remain somewhat US dollar 100 per barrel in 2008 to 2012. Current strength in oil price will support the economy of Bahrain. International Property Brokers also forecast that the focus in Bahrain will be switching to residential property in the next few years.
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