Bahrain REAL ESTATE MORTGAGE LOANS BANKS
Property Bahrain (Bahrain) as a last resort in the Middle East (Middle East) feel the effect of the global financial crisis. Modest growth in the market earlier, opposes its rapidly grown Dubai (Dubai) have lost in their individual areas have up to 40% the previous value of the property.

“Prices in the last months of static. Transactions are actually no “, - commented on the situation, Mike Williams (Mike Williams) Director of CB Richard Ellis in Bahrain (Bahrain).

The specialist noted that shoppers are waiting, hoping to see the impact of the global financial crisis on the market state, however, sellers are reluctant to sell without being able to do it on prepaid.

However, prices begin to decline only in some low areas of the capital Manama (Manama). While the properties of secondary and higher-price segment continues to maintain its price. This information is read out Anthony Mallis (Anthony Mallis) President is in Bahrain Sico Investment Bank.

Against this background, a lot of luxury housing and commercial projects being built in the north of Bahrain (Bahrain) are built up off-shore islands estimated at 1 million customers and is not yet one of the local builders are not announced the closing down of their own projects.

“The ongoing construction of course will be completed. But will the demand, the property has a very different matter, “- commented by Mike Williams (Mike Williams).

However, the market there are fears that the lack of liquidity could adversely affect the pace of construction.

However, it denies Mike Williams (Mike Williams) indicating that the demand for real estate Bahrain (Bahrain) fueled primarily by the local population and finances. Therefore, in contrast to Dubai (Dubai), that gained speculators from all over the world, the risk of Bahrain (Bahrain) is minimal.

In addition, the sudden demand for local real estate seriously stimulated presence in the country of the Fifth Fleet of the Navy (US Navy’s Fifth Fleet) Command which again allowed the wives of sailors for a long time to live in the country alongside their husbands. Earlier this decision was overturned in 2004 on security issues.

“The decision, within two to three years, will increase the demand for apartments from the military family,” - commented by Mike Williams (Mike Williams).

At the same time, middle-luxury segment of the real estate market countries have a surplus of supply, while in the lower price ranges there is lack of new buildings.

“At present the strongest real estate market shortage of housing for low-income consumers”, - confirms Mike Williams (Mike Williams). Supporting the company Naseej also noted great potential in the construction of affordable housing in the country.

However, the sector of commercial real estate remains strong due to stable financial system.