Bahrain property transactions jump 36% in Q1 2021 May 18, 2021
Bahrain’s real estate transactions rose by 36% in Q1 2021 reaching $600m (BD226 million).
MANAMA Bahrain’s real estate transactions rose by 36% in Q1 2021 reaching $600m (BD226 million), according to figures released by Bahrain’s Survey and Land Registration Board. These figures represent a boost of more than a third compared to the first quarter of last year, when numbers were just over $440m (BD166 million).
Just under 3,000 properties were sold across the first three months of this year, a rise of 51% from the first three months of last year’s transactions, which reached just under 2,000. Listings portal Propertyfinder.bh also reported that the number of sale listings during Q1 2021 have gone up almost 10% over the last quarter. Much of this success can be attributed to strategic swift financial decisions taken by the government to support the economy.
Bahrain property transactions jump 36% in Q1 2021
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Bahrain s Q1 property deal volumes surge 36pc to $600m
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Bahrain s Bet On Fintech
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Bahrain aims to make itself both a fintech incubator and a destination for providers based elsewhere to develop and launch their solutions.
April 08, 2021
Developing a thriving fintech sector is a key component of Bahrain’s broader plan to move away from its traditional reliance on oil revenues. Earlier this year, this ambition received a boost in the form of a new partnership with FinTech Aviv, Israel’s fintech networking community, following moves toward the normalization of relations between the two countries.
Moreover, encouraging fintech companies and entrepreneurs to locate in Bahrain has the support of Crown Prince Salman bin Hamad Al Khalifa, who took over as prime minister last November following the death of his deeply conservative great uncle.