According to data from Property Finder, Bahrain’s leading Proptech company, a recent surge has been recorded in the number of leads and impressions in the residential sale market. The overall impressions for both apartments and villas for sale combined between May and June 2022 had increased by approximately 34 percent, showing clear signs of high interest for these types of units.
Villas and apartments for sale in Bahrain’s market have gained popularity as more individuals are interested in real estate investment and property ownership. According to the data collected on www.propertyfinder.bh, villas for sale recorded an increase of over 76 percent in leads when comparing May 2022 to June 2022. As for apartments for sale, there was an increase of over 59 percent in leads when comparing the same time frame. It is worth noting that apartments for sale during June 2022 recorded an increase of over 76 percent in leads alone when compared to last year as new projects become ready for handover.
There are multiple reasons why this increase has been recorded, such as the growth of affordable luxury properties in areas like Diyar Al Muharraq, Bahrain Bay, Juffair, Amwaj and Hamala. There has also been an increased supply of budget-friendly and modern three-to-four-bedroom villas, which are ideal for new homeowners and growing families.
“With many upcoming projects on the rise and coming to fruition, it has paved the way for both local and foreign investment opportunities in Bahrain. Our data suggests the market is experiencing growth in an upward trajectory as we enter Q3 of 2022. Regardless of the circumstances, we continue to support our clients in optimising their listings to gain the most impact and impressions,” commented Khaled Al Saeh, Country Manager Bahrain & KSA.
As a part of their continuous efforts to shed awareness and transparency within the real estate market, Property Finder Bahrain regularly releases their annual ‘Trends’ report which includes a complete analysis of the market, pricing trends, consumer behaviour, predictions and upcoming projects.
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