(MENAFN) Bahrain Real Estate Society chairman, Nasser Al Ahli, stated that political tensions in the country could lower property prices more in the future, reported Gulf Daily News, citing Akhbar Al Khaleej.
Al Ahli added that security issues have reduced land prices and rents between 40 and 60 percent in the Northern Governorate.
Furthermore, new policies adopted by financial institutions due to the global financial crisis also cut prices and rents in Juffair and Mahooz by between 20 and 30 percent.
On the other hand, strong demand and growing population in Southern Governorate and Muharraq have increased prices and rents in these areas.
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