Bahrain: Property transaction volumes surge during Q1
Bahrain has witnessed solid growth in property transaction volumes for the first quarter which rose by 36% to hit $600 million, compared to the last year’s figures of $440 million, according to data released by Bahrain’s Survey and Land Registration Board.
These figures represent a boost of more than a third compared to the same period last year when numbers were just over $440 million.
According to the report, just under 3,000 properties were sold across the kingdom during the first three months, up 51% over last year, which reached just under 2,000.
The Bahraini unit of UAE listings portal Propertyfinder also reported that the number of sale listings during Q1 had gone up almost 10% over the last quarter. Much of this success can be attributed to strategic swift financial decisions taken by the government to support the economy, it added.
