With overall economic growth hovering around 3 percent in 2017, Bahrain registered the most vigorous growth among all Gulf Cooperation Council (GCC) nations. As government made many realistic efforts toward attracting more Foreign Direct Investments (FDIs) and diversifying the economy away from oil, real estate remains one of the key drivers in Bahrain’s robust growth.
In a recent report on Bahrain’s property market, Business Monitor International (BMI) has forecasted a steady growth in 2018.
“Government efforts to diversify the economy away from hydrocarbons have facilitated…new industrial zones that incorporate excellent amenities and access to key trade routes, part of a larger drive to position Bahrain as a regional hub for manufacturing and logistics,” said BMI. This “has fostered a rise in demand for bespoke industrial facilities from manufacturing and logistics tenants…as investment pours into developing a suitable environment.”
Housing demand to multiply
Bahrain is home to young and rapidly-growing population, which has high incomes and more purchasing power. Therefore, compared to neighboring GCC states, demand for housing is predicted to continue to exceed supply in the coming years in Bahrain. Particularly, Bahrain has seen a good demand for apartments that have witnessed a god push in sale prices over the last few years.
