Bahrain housing market remains flat in Q1| MENAFN.COM

Saturday, 10 December 2022 08:26 GMT

Bahrain housing market remains flat in Q1

(MENAFN) The residential market in Bahrain remained stagnant during the first quarter of 2016 with the rental rates remaining equal to the levels achieved during the previous quarter.

In detail, the residential market in the kingdom showcased during the first quarter and witnessed a declining trend in the sales sector, according to the consulting house PKF.

Moreover, the average rental rates remained stable during the first quarter of this year compared to the previous quarter, and decreased by 4.4%.

"A declining household income and the pipeline of upcoming properties are expected to put pressure on rental rates in Bahrain's residential market until the end of 2016", PKF added.

Legal Disclaimer:
MENAFN provides the information “as is” without warranty of any kind. We do not accept any responsibility or liability for the accuracy, content, images, videos, licenses, completeness, legality, or reliability of the information contained in this article. If you have any complaints or copyright issues related to this article, kindly contact the provider above.