Property Finder unveils Market Watch Report for Bahrain in 2023, highlighting a year of strong growth in villa leasing across the market

Property Finder unveils Market Watch Report for Bahrain in 2023, highlighting a year of strong growth in villa leasing across the market

Property Finder, Bahrain’s leading real estate platform, unveiled today its comprehensive Market Watch Report for 2023, indicating strong growth in villa leasing last year. Khalid Al Saeh, Regional Manager at Property Finder Bahrain and Saudi Arabia, said that the projects delivered last year had a significant positive impact on real estate trades. The local market last year witnessed the completion of 34 projects with a total value of $ 1.5 billion, recording a significant growth of 92.4% compared to the past.Property Finder’s data revealed that the average listed price of apartments in 2023 saw a 4% increase from the previous year. The data indicated that Juffair, Amwaj Islands, Seef, Diyar Al Muharraq and Manama were the most listed areas for those wishing to own apartments, while Amwaj Islands, Diyar Al Muharraq, Riffa, Saar and Barbar were in the first places the preferred areas for villas, whether for investment or residential purposes in 2023.Villa sales in 2023 showed a slight 2% decrease compared to 2022, within which five-bedroom villas noted a drop in sales by 4%. It is worth noting however, the villa prices varied by location, with Amwaj Islands seeing a 5% increase in the average sale price of five-bedroom