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You’ll find a new home with ease if you follow this simple guide
One of the first things you’ll need to sort out after touching down in Bahrain is also one of the most overwhelming: finding somewhere to live.
If you’ve never visited the Kingdom before, you’ll have no clue about the rules and regulations around renting – let alone buying – or where the best areas are across the country.
There are too many factors for us to definitively say where to live and how to go about it, but we can at least give you a head start.
First off, rental and sales prices for property across the Kingdom are far lower than in other Gulf States, so you won’t find yourself overwhelmed by sky-high prices.
The introduction of Real Estate Regulatory Authority (RERA) rules is also helping to bring renting in Bahrain in-line with other international markets, meaning renters have a lot more power than before.
Aditi Hariharan, Associate Partner at Cavendish Maxwell said, “Residential prices and rents in the Capital, Northern, Southern and Muharraq Governorates of the Kingdom have generally declined. Demand for affordable properties has also shown an uptick with developers acknowledging this need and introducing options.
“With sales and rents continuing their decline across areas, buyers and tenants have increasingly more options to choose from which may have previously been out of their budgets.
“Investors can get attractive payment plans from developers whilst tenants are in a favourable position to negotiate rent-free periods, and a multiple cheque payment system as per their requirements.”
To read the full article published on Time out Bahrain, see here:
Cavendish Maxwell is the MENA region’s leading firm of property consultants and chartered surveyors. If you are looking for professional real estate consultation or advice on property related matters, please view our services.
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