Real Estate Trading up to the End of the Third Quarter of 2015

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The Public Relations and Media Department at the Survey and Land Registration Bureau (SLRB) announced that trading in real estate since the beginning of this year until the end of the third quarter on 30th September 2015 amounted to BD 923,696,504 (Bahrain Dinars nine hundred and twenty three million, six hundred ninety six thousand, five hundred and four), which represents a fall of about - 8% down from last year. The volume of real estate trading in the third quarter amounted to BD 236,410,454 (Bahrain Dinars two hundred thirty six million, four hundred ten thousand, four hundred and fifty four). Based on these figures, the volume or real estate trading is expected to exceed one billion dinars at the end of this year.

These figures are quite encouraging, especially when they reach a high level such as in last year and continue through to the beginning of this year.

The following table shows the value of real estate transactions transacted by Bahrainis, GCC nationals and foreigners during the period from January to September 2015 compared to the same period of 2014:

 

Nationality

2015

Percentage

Year 2014

2015

Percentage

Year 2014

Difference

2015-2014

Percentage of Increase

Bahrainis

829,362,684

90%

870,367,541

86%

- 41,004,857

- 5%

Gulf Nationals

57,785,061

6%

84,909,622

8%

-27,124,561

-32%

Foreigners

36,548,759

4%

8,926,242

5%

-16,377,483

-31%

Total

923,696,504

100

1,008,203,405

100

-84,506,901

-8%

 

The following table shows the value of real estate transactions transacted by Bahrainis, GCC nationals and foreigners during the period from July to September 2015 compared to the same period of 2014:

 

Nationality

2015

Percentage

Year 2015

2014

Percentage

Year 2014

Difference

2015-2014

Percentage of Increase

Bahrainis

218,053,205

92%

250,666,950

88%

-32,613,745

-13%

Gulf Nationals

11,711,799

5%

17,891,934

6%

-6,180,135

-35%

Foreigners

6,645,450

3%

16,975,403

6%

-10,329,953

-61%

Total

238,410,454

100

285,534,287

100

-49,123,833

-17%

 

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