Bahrain’s real estate transaction volumes continued to improve throughout late 2022, reaching 5,659 in Q4 and ending the year with a total of 21,603 transactions, on the back of strong GDP growth, high oil prices and new fiscal reforms, according to global real estate consulting firm CBRE. 

This marks a full-year increase of 0.7 per cent year-on-year compared to 2021, and a jump of 3.2 per cent from Q3, stated CBRE in its Bahrain Real Estate Market Review Q4 2022.

On the residential sector, the report said Bahrain has seen the launch of the latest government-led housing programme, which will provide 19,000 affordable housing units at a total value of BD1 billion ($2.63 billion). A number of new mixed projects were also unveiled at Cityscape Bahrain.