DUBLIN--(BUSINESS WIRE)--Research and Markets (http://www.researchandmarkets.com/research/7f311c/bahrain_real_estat) has announced the addition of Business Monitor International's "Bahrain Real Estate Report Q4 2011" report to their extensive offering of property market research publications.
Business Monitor International's Bahrain Real Estate Report provides industry professionals and strategists, corporate analysts, real estate associations, government departments and regulatory bodies with independent forecasts and competitive intelligence on Bahrain's Real Estate industry.
The commercial real estate market in Bahrain remains depressed. It suffered badly during the global financial crisis and, to date, has been the slowest of the GCC countries to recover. In fact, throughout 2011 rents have continued to fall, as the oversupply of space remains endemic.
It is quite likely that, in purely economic terms, Bahrain may experience a recovery over the next two to three years. If it does so, the GDP growth will be achieved entirely on the back of a positive trend in oil revenues. There is some irony in the fact that the very same unrest that is causing so much damage to the wider economy in the MENA region is also responsible for a pick-up in oil prices. Since oil represents 80% of Bahrain's export income, GDP growth is extremely sensitive to movements in the price of oil.
Hence, while BMI are forecasting anaemic GDP growth of just 0.5% for 2011 and 1.2% in 2012, BMI expect oil production will almost single handedly lift growth to an average of 7.0% for the 2013-2015 period.
Some of the key opportunities in the real estate market are:
- A general view that rents will stabilise and at least move sideways, if not a little better, during 2012.
- An increase in oil revenues may flow through to the wider economy and help to lift domestic demand out of the doldrums.
- Government stimulus programs and most notably the commitment to invest US$3.2bn in the construction of 30,000 new residential units by 2016.
- An earlier than expected and/or a more comprehensive than expected settlement of the political crisis would return confidence to the commercial real estate market.
Companies Mentioned:
- Abdulla Ahmed Nass Group (AANG)
- Ahmed Mansoor Al-A'ali (AMA)
- Seef Properties BSC
- Tas'heelat Real Estate
For more information visit http://www.researchandmarkets.com/research/7f311c/bahrain_real_estat