Property trading in Bahrain tops $1.3bn in H1

Real estate trading in Bahrain increased by 57.5 per cent to BD500.34 million ($1.31 billion) in the first half of the year compared with the same period last year, a report said.

The total trading volume reached BD308.66 million during the second quarter of the year, a 75 per cent increase compared with the same period last year, according to a statement issued by Survey and Land Registration Bureau yesterday.

The statement attributed the growth to favourable economic and investment climates prevailing in the kingdom and real estate market recovery in addition to a recent surge in GCC investment flow into Bahrain, according to the Gulf Daily News, our sister newspaper.

– TradeArabia News Service, July 10,2013