Asking prices for high-end apartments in Bahrain have dropped 20 per cent compared to 2009 as sales of freehold villas and apartments remain almost non-existent over the last two years, Knight Frank, the global real estate consultancy, said.
Sales of freehold villas and apartments have been almost non-existent in Bahrain over the last two years, which is indicative of the fact that investors are wary in these uncertain economic times and owner occupier demand for luxury property appears to have been satisfied at least in the short term, the report said. Also, the boom times of speculative purchasers enjoying healthy returns on investments by flipping off-plan properties for a profit are a distant phenomenon.
As many of the mixed-use schemes are experiencing construction delays, investors looking to generate rental returns on completed projects are similarly staying away.
Dubai Rentals
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