Bahrain: Real estate exchanges up
According to the Bahrain news agency, a recently publicized report by the Land and Real Estate Registry Office shows that the value of the total real estate exchanges in the Kingdom of Bahrain rose to BD 144,130,000 in the first quarter of 2005 compared with BD 82,916,000 in the corresponding period of the previous year.
These figures translate into a 27% growth. The report attributed this real estate trade increase to the political and social openness, and stable security circumstances in Bahrain. The non-Bahraini investors controlled 7% of the total real estate exchanges in Bahrain in the first quarter of 2005 compared with less than 5% in the same period last year.