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Bahrain sees growing levels of property investment
04 July 2008
The growth of the tourist industry in Bahrain is due to increasing numbers of investors putting their money into real estate, according to one property expert.
According to Nubricks.com, events taking place in Bahrain such as the Formula One Grand Prix have helped increase its popularity with tourists, while the country has attracted investment by being the first in the region to find oil.
Chintan Mahida, overseas property expert at Nubricks.com, said that Bahrain has become home to several multinational firms and "is one of the fastest growing economies in the Gulf".
She added that demand for property has increased "in line with continued industrialisation and expat employees of international firms operating in the country".
A property survey from Arabianbusiness.com showed that an estimated 35 per cent of those surveyed felt that property prices in Bahrain were 'moderately expensive' while around a quarter felt they were 'fair'.
Half of those people polled felt that the build quality of property in the region met international standards while 40 per cent did not, revealed the findings.
Source: Adfero
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