Bahrain Real Estate Deals Surpass Pre-Covid Levels in Q1 of 2023
Real estate transactions in Bahrain totalled 6,336 in Q1 2023, according to the latest data by the Survey and Land Registration Bureau (SLRB), showing a 14.5 percent year-on-year increase, as well as a 12 percent quarter-on-quarter increase.
The trading value, however, is reported as being BD243,144,972 ($645,019,358 approximately), showing a 17 percent decrease on the same period last year.
In Bahrain’s office sector, the total tracked supply of office stock in the first quarter this year recorded 1.36 million square metres across all grades.
When compared to the same period last year, the average rental rates recorded in the first quarter this year “has remained stable,” a statement by CBRE said, adding the stability was at BD5.25 ($13.93) per square metre, per month.
