Hawaii Real Estate Sales: March 25-29, 2024
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Bahrain’s real estate sector holding steady, report says
RIYADH: Bahrain’s real estate sector remained steady in the first quarter of this year, with 6,124 sales transactions, representing a marginal 3 percent year-on-year decline, an analysis showed. According to a report released by real estate services firm Savills, the value of transactions in the property market also witnessed a slight drop of 1.2 percent in 2023 to $2.92 billion compared to the previous year. However, the volume of real estate transactions in the country grew by...
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Bahrain’s real estate sector continues to grow despite lower YoY activity
In 2023, the value of real estate trading decreased by 1.2% YoY to reach BHD 1.1Bn, while the volume of transactions grew by 24.1% YoY. While the residential sector declined slightly, the retail, industrial, and office sectors remained stable, with minor rental drops in the office sector. Bahrain recorded a GDP growth of 2.4% in 2023, a decline compared to 4.9% in 2022. However, a projected annual real GDP growth of 3% in 2024 is expected, driven by the non-oil sector, and aiding the real estate...