Published on 13 July 2006 at 02:21 pm
Filed in Property News for Bahrain » Bahrain Property Development
The property market in Bahrain has been going from strength to strength in recent months with real estate professionals stating that last month was one of their best months ever in terms of sales volumes and property price increases. One particular Bahrain property development that is proving especially popular with international property investors is the Bella Vista Tower project.
Those interested in this particular Bahrain property development have just been granted access to a range of financial products to assist them with their purchase meaning that investment property in Bahrain just became even more affordable for more people creating the perfect environment for the current success of the property sector to continue.
The past six months have seen property prices increasing at record rates in Bahrain and last month real estate agents in the country reported that the Bahraini property market enjoyed a significant surge in demand from overseas and international property investors. The majority of investors have been making cash purchases and statistically speaking the majority of buyers are Saudi Arabian; they and other Gulf national purchasers have been dominating the market.
As a nation into which those requiring finance to purchase property would like to invest, Bahrain has been less than popular because few companies are able to offer finance facilities that are internationally competitive whilst remaining Shari’a compliant. This has led to an artificial ceiling being created in the property market that has restricted it. All this is about to change however as the Real Estate Finance Company in Bahrain has created a series of finance solutions for non-resident purchasers that not only adhere to the fundamental philosophies of Islam but they are fully Shari’a compliant as well.
One of the first Bahrain property development projects to benefit from the Real Estate Finance Company’s real-estate financing solutions is the hugely popular and extremely attractive Bella Vista Tower project in the Mahooz district of Manama. The development has been attracting international interest as it offers purchasers and residents the ultimate in lifestyle extravagance and it offers investors an incredible opportunity for strong yield and capital growth.
The property will house not only residential units, some of which have outstanding views over the adjacent United Nations Educational, Scientific and Cultural Organisation World Natural Heritage site of Tubli Bay, but it will also offer residents access to a cinema and superior communal facilities as well as extensive onsite parking. As this Bahraini property development is so well located and now finance is available for the purchase of investment units, the Bella Vista Tower project is proving intensely popular and is adding to the already superior appeal of the property market in Bahrain in general.
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