Bahrain property market report 2020 by Cavendish Maxwell

Bahrain property market report 2020 by Cavendish Maxwell

Manama Cavendish Maxwell, a leading property consultancy and chartered surveying firm in the Middle East, released its 2020 Bahrain Property Market Report, comprising key property data and trends for the country's real estate industry. The report was compiled by the firm's in-house strategic consulting and research team, and covers key data and overviews into the residential, retail, office, industrial and hospitality sectors. Commenting on the report, Aditi Gouri, head of strategic consulting and research at Cavendish Maxwell said, “In what has been a challenging year, Bahrain has suffered a dual blow from weak oil prices and the restrictions brought on by the COVID-19 pandemic. However, the kingdom has been quick to respond and has done so efficiently, announcing relief measures to help individuals and businesses tide over the health crisis and continue on the path to recovery. Further, the successful hosting of events such as the Formula 1 Grand Prix recently is testament to the resilience of the island economy which has tourism and entertainment at the heart of its diversification strategy.” Rashed Aljowder, head of business development – Bahrain and KSA Eastern Province said, “The release of this report comes at a time of great pride for