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Interest in larger, affordable units on the rise – Property Finder Bahrain

July 15, 2021
real estate

According to data from Property Finder Bahrain, the local market continues gaining momentum, as numerous sectors in the market across Bahrain are benefiting from newfound demand and the start of an economic recovery.

Despite governmental restrictions due to Covid-19, propertyfinder.bh recorded an increase of 2.3 percent for apartment leads, and a whopping 23 percent increase for leads for villas listed for rent when month-on-month for June of 2021, highlighting that most users on the site are searching for a bigger space with added facilities and amenities, such as pools, gyms and gardens.

The sale market has also seen a rejuvenation of interest, with leads increasing 14 percent for apartments for sale, and almost 9 percent for villas for sale in the same time frame.

“We are seeing a renewed interest in the real estate market and can safely assume that according to the numbers we are recording, both the sale and rental market are on an upward trajectory,” commented Khaled Al Saeh, Country Manager of Property Finder Bahrain. “We have also noticed a change in requirements and preferences of end-users, which began during the pandemic, and has continued to create interesting search trends.”

When it comes to location demand, the sales market has seen a steady interest in Al Juffair, Manama and Amwaj Islands, which remained the top three most in demand areas for apartment rentals in the second quarter of 2021. However, we can see that Hamala, which was the fifth top searched area for villa rentals in April, has commanded the third spot in May and June of 2021, indicating a shift in overall user behaviour and preference. Units in Hamala are larger and are more affordable, which may be the reason for this shift.