Developers in Bahrain are delaying development programmes to extend delivery dates and ease cash flow pressures, said a global real estate consultancy.
"Real estate developers are also converting saleable properties into rental properties, and are pulling off their marketing campaigns until market confidence returns," CB Richard Ellis (CBRE) said in its Bahrain residential market view report released yesterday.
The country will be facing the greatest pressure for housing in the low-income and social housing sectors, with private sector developers claiming that the country needs 80,000 social housing units by 2020.
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