san
11-22-2009, 05:27 AM
The bahrain leasehold market has been hit by the combined impact of surging supply and dwindling demand.
which caused the prestigeous juffair and amwaj islands rental levels down between 15 to 20 percent from their peak in the second quarter of the last year. with upto 23,000 apartments due to be delivered by the end of 2012 the report believes that recovery in the residential sector will be slow.
Last year the residential real estate transactions in bahrain have slumped by more than 50%.
which caused the prestigeous juffair and amwaj islands rental levels down between 15 to 20 percent from their peak in the second quarter of the last year. with upto 23,000 apartments due to be delivered by the end of 2012 the report believes that recovery in the residential sector will be slow.
Last year the residential real estate transactions in bahrain have slumped by more than 50%.