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Real estate values in two of Bahrain’s biggest business hubs, Seef and Juffair, have fallen by 50 percent since unrest in the kingdom began nearly two years ago, according to a report from a local government official.
According to Gulf Daily News, the report, which was written by Manama Municipal Council vice chairman Mohammed Mansoor, said that it would take two years for the market to recover fully due to a lack of demand.
The research stated that the value of land and property set aside for investment in the two areas has slumped to BHD100 (US$265) per sqft since the start of unrest in February 2011, while only a few investors had pushed ahead with development projects.
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