Bahrain Making Itself Heard in Global Property Market

Not only is the property market in Bahrain going from strength to strength with conservative industry expectations predicting at least a further three years of strong property price growth in the residential market, but Bahrain based banking institutions are spreading their wings and strategically aligning themselves for property market entry in the UK.

Driving the success of the local Bahrain property market are a series of strong and sustainable factors, and now, realising the potential of property and in a bid to shore up and diversify their own asset and investment portfolios, leading Bahraini banks are in the UK seeking out viable entry points into the British real estate marketplace and the resultant effect is that Bahrain is making itself heard in the global property market.

At the release of the latest and as yet most luxurious residential real estate development in Bahrain yesterday, namely the Infinity Tower, Robin Williamson the managing director of DTZ Bahrain which is a leading property firm in the Middle Eastern archipelago stated that he believes all the fundamentals are right to allow for strong and sustainable growth in Bahrain’s residential property market for the next five years at least. 

Even those who take a more conservative approach to the market believe there is certainly room for strong expansion in prices, with 30 – 35 percent growth over the next two years a commonly cited possibility.  Further cited in the industry is the fact that the property market in Bahrain has all the right factors in its favour for sustained price expansion for a minimum of three years.

Driving the success of the property market are many factors – not least of which is the very fact that Bahrain continues to have an incredibly affluent economy and be a strong employer of overseas professionals who now have the right to purchase freehold property in Bahrain in certain areas.  Plain investment activity in Bahrain is also strong and now being bolstered by the fact that the King Fahd Causeway linking Bahrain to Saudi Arabia has become a commute route for Western expatriates who are working in Saudi but who prefer to house their families and indeed live and enjoy the far more conservative lifestyle in Bahrain.

The fact that Bahrain is intensifying its already concerted efforts for the diversification of the nation’s economic dependence away from the oil industry has led to it becoming the first Gulf state to have a free trade agreement in place with America and to being the central hub in the Gulf for many multinationals doing business across the region.  There is nothing to suggest this situation is going to change and therefore there is nothing to suggest that demand for property is going to abate.

Understanding that the property market is a key contributor to many an investment house’s success, Bahrain based investment bank Gulf Finance House (GFH) have reportedly moved into the UK, established a significant presence and aligned itself for immediate market entry.  It is alleged by The Times Newspaper to be working with a former managing director of RBOS in terms of determining what to buy and when to buy it!

One can conceivably conclude that Bahrain and Bahrain based institutions must have learned a great deal from the successes and failures of Dubai and maybe they are now taking their time to establish a property industry and global real estate presence that will outstrip the successes of Dubai and leading Dubai based companies.

Special Reports: Property News for Bahrain

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