Sunday, 27 May 2012

New homes being sold 'at loss' in Bahrain - The National

Bahrain's residential property market remains severely depressed amid continued uncertainty surrounding the political and economic environment.

New homes that are coming into the market are in some cases being sold at a loss, according to a report released yesterday.

"Several middle-income housing projects have been launched in Bahrain in the last three months, and sales have reportedly been brisk to date," according to a first-quarter report by the property consultancy CBRE.

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