Residential Real Estate Transactions - Bahrain

In Bahrain, the Residential Real Estate Transactions market market is anticipated to witness a substantial growth in the coming years.
It is projected that by 2024, the transaction value of this market segment will reach an impressive US$452.00m.
Looking ahead, the market is expected to continue its upward trajectory, with an estimated annual growth rate (CAGR 2024-2029) of 0.68%.
This growth is anticipated to result in a significant increase in the market volume, reaching a staggering US$467.60m by 2029.
The residential real estate sector in Bahrain is poised for remarkable expansion in the coming years, presenting lucrative opportunities for investors and stakeholders alike.
In Bahrain, the residential real estate market is experiencing a surge in demand due to the government's efforts to attract foreign investment.

Definition:

Residential real estate transactions refer to the buying, selling, or transfer of ownership of residential properties such as single-family homes, condominiums, townhouses, and apartments. These transactions involve a number of steps and parties, including buyers, sellers, real estate agents, attorneys, lenders, and title companies.

Additional information:

The KPIs covered in this market are the real estate transactions revenue and the average revenue transaction value.

Overall revenue generated by residential real estate transactions

Commercial real estate transactions
Revenue of real estate agencies
Revenue of construction companies

The Residential Real Estate Transactions market in Bahrain has been experiencing significant growth in recent years, driven by various factors such as customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. Customer preferences in the Bahraini real estate market have shifted towards residential properties due to several reasons. Firstly, there is a growing demand for housing among the young population, as more young people are entering the workforce and looking to establish their own households. Additionally, there is a preference for modern and well-designed residential properties that offer amenities and convenience. This includes properties with access to recreational facilities, shopping centers, and educational institutions. Trends in the market have also played a role in the development of the Residential Real Estate Transactions market in Bahrain. One notable trend is the increasing popularity of off-plan properties, where buyers can purchase a property before it is completed. This trend has been driven by developers offering attractive payment plans and incentives, as well as the potential for capital appreciation. Another trend is the rise of sustainable and eco-friendly buildings, as more buyers are becoming environmentally conscious and seeking properties that align with their values. Local special circumstances in Bahrain have also contributed to the growth of the Residential Real Estate Transactions market. One such circumstance is the government's focus on developing the real estate sector as part of its economic diversification efforts. This has led to the implementation of policies and initiatives aimed at attracting foreign investment and promoting the construction of residential properties. Additionally, the availability of affordable financing options, such as mortgage loans with competitive interest rates, has made it easier for individuals to purchase residential properties. Underlying macroeconomic factors have also played a role in the development of the Residential Real Estate Transactions market in Bahrain. The country's stable political environment, favorable tax regime, and strategic location in the Gulf region have made it an attractive destination for both local and international investors. Furthermore, Bahrain's strong economic growth, driven by sectors such as finance, tourism, and manufacturing, has created a conducive environment for real estate development. In conclusion, the Residential Real Estate Transactions market in Bahrain has experienced significant growth due to customer preferences, trends in the market, local special circumstances, and underlying macroeconomic factors. The demand for residential properties, the popularity of off-plan properties, the focus on sustainable buildings, government initiatives, and favorable macroeconomic conditions have all contributed to the development of the market. As Bahrain continues to attract investment and experience economic growth, the Residential Real Estate Transactions market is expected to thrive in the coming years.

Data coverage:

Figures are based on total and average revenue of residential real estate transactions (sales).

Modeling approach:

Market size is determined by a bottom-up approach. We use national statistics, international organizations, and industry associations to analyze the markets. To estimate the market size for each country individually, we use relevant key market indicators and data from country specific industry associations such as GDP, price level index, household wealth, household size, number of renter and owner households, housing consumer spending per capita.

Forecasts:

We use a variety of forecasting techniques, depending on the behavior of the market, for instance, exponential trend smoothing. The main drivers are GDP per capita, population, number of renter and owner households, price level index, housing consumer spending per capita.

Additional Notes:

Data is modeled using current exchange rates. The market is updated twice per year in case market dynamics change. The impacts of the Russia-Ukraine war considered at a country-specific level.

This report presents a comprehensive analysis and additional information on the Financial market, in a PDF format.

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Residential Real Estate Transactions - Bahrain

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

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Residential Real Estate Transactions - Bahrain

In-Scope

Out-Of-Scope

Real Estate

Related markets:

Residential Real Estate: market data & analysis

Volume

Analyst Opinion

Transaction Value

Living Space

Methodology

Financial

Access more Market Insights on Financial topics with our featured report

Key Market Indicators

Explore more high-quality data on related topic

Global housing market - statistics & facts

Explore more high-quality data on related topic

Residential real estate in Europe - statistics & facts

Explore more high-quality data on related topic

Residential real estate in India - statistics and facts