The Public Relations and Media Departmentat the Survey and Land Registration Bureau announced that trading in realestate has increased by 35.61% in the first quarter of this year 2013 comparedto the first quarter of last year 2012. The total volume of trading in thefirst quarter of this year amounted to Bahrain Dinars one hundred ninety onemillion six hundred eighty thousand and five hundred seventy seven (BD191,680,577), reflecting an increase of 35.61% over the first quarter of theprevious year 2012.

The spokesman said that this growth was dueto a positive climate in the Kingdom of Bahrain and government measures aimedat restoring the confidence of Bahraini, Gulf and foreign investors and realestate developers in the Kingdom by creating a secure and reassuring investmentenvironment that helps restore such confidence.

He added that many steps were taken toencourage investors and traders in this sector, the most important of whichwere the procedures put in place in implementation of the recommendations ofthe National Consensus Dialogue. A special committee is working on theimplementation of these recommendations with a view to formulating acomprehensive plan to develop the real estate sector in the Kingdom of Bahrainfor the benefit of all real estate parties including citizens, investors andreal estate developers and the protection of their rights and interests. TheCommittee has made good progress in the completion of this project, which nodoubt will contribute towards enhancing confidence and thus drive growth in thereal estate market and have positive impact on the economic situation in theKingdom of Bahrain in general.

The following table shows the value of realestate transactions made by Bahrainis, Gulf nationals and foreigners for theperiod from January to March 2013:




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