Bahrain Real Estate Q3 2019
Optimism following fiscal stimulus from GCC allies will drive the expansion of Bahrain's economy over the near term, andencourage a return of investor sentiment. Demand for commercial properties is expected to marginally increase in 2019 as ambientmarket conditions improve. However, rental costs are forecast to remain flat at historic lows for office assets, as underlying structuralissues continue to dampen overall market activity. In the medium term, the expansion of the fintech sector should see demand forprime spaces improve. Development of shopping centres will continue with the increased push to diversify the economy away fromoil and towards sectors such as tourism. However, private consumption is expected to fall in 2019, dampening retail spending anddragging on the demand for subprime spaces. Bahrain's globally competitive aluminium sector and increased oil activity willattract new international clients for the development of industrial facilities that will help to boost demand for industrial real estate inthe long term.
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