Property Finder, Bahrain’s leading proptech company, has recently announced the release of the eighth edition of Property Finder Trends, the market’s most comprehensive real estate report. Delivering valuable insight and in-depth analysis of the real estate market in Bahrain, the report emphasises key development and consumer trends that prove to be useful for consumers, real estate professionals and investors. Providing transparency across the market, individuals can easily get a better understanding of pricing across various communities, governorates and property types to make adequate and calculated decisions.
In addition to the market analysis, “Trends” also features contributions from industry leaders, shedding light on the current market and its progressiveness, covering a wide range of topics such as prop-tech, governance, the golden residency visa, market challenges and fluctuations.
Noteworthy figures include the continuous injection of stock, especially in the Southern Governorate, which witnessed an increase of 10 percent in the number of rental listings and a whopping 64 percent in sale listings when comparing January – June 2021 with January – June 2022. The stock has continued to increase in Riffa, Isa Town, Durrat Al Bahrain and more, which is creating continuous movement in those areas. In fact, the data on www.propertyfinder.bh shows an increase in all governorates when it comes to sale listings, which is a clear indication that the market is moving to more of a “sale-centric” market. However, the overall advertised median prices have dropped, mainly due to the competitive market and the handover of new high-demand developments which include various luxury amenities and facilities within short driving distance.
“One thing is for sure, technology and consumer behaviour are changing daily, and at Property Finder, we continue to create new opportunities to ensure that we remain the authoritative voice of real estate in the region,” commented Khaled Al Saeh, Country Manager - Property Finder Bahrain & Saudi Arabia.
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