Falling Rents, Improved Facilities Create Boon for Residential Tenants in Bahrain

Bahrain-skyline-manama-keyimage

According to international real estate consultancy Cluttons, weakening economic conditions, tapering off in demand for oil and gas, and an increase in real estate supply has led to increased pressure on the Bahrain real estate industry. The result is a market defined by increased incentives, adjustments and service quality from landlords and developers as they fight to remain competitive in the market.

The Cluttons Bahrain Spring 2017 Property Market Outlook highlights that a positive outcome of these conditions is a 'Golden Age' for occupiers in Bahrain, with historically-low prices, a strong selection of exceptionally well-managed facilities and a developer approach that is inherently focused on market-suitable properties.

Read more on: http://www.worldpropertyjournal.com/real-estate-news/bahrain/manama/bahrain-spring-2017-property-market-outlook-cluttons-bahrain-property-report-2017-manama-condos-for-rent-homes-for-sale-in-manama-bahrain-real-estate-data-for-2017-10355.php/

Source : Falling Rents, Improved Facilities Create Boon for Residential Tenants in Bahrain