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Bahrain’s mortgage market weathers recession while other industries struggle

Bahrain’s sound fiscal health, as well as prudent investment decisions by industry leaders has created a situation in which the country is in a fairly strong position compared to other GCC states, especially with regards to the mortgage market, but it’s not all good news.

Bahrain’s mortgage market has achieved significant growth despite a challenging market and is now worth $1.4 billion dollars, making Bahrain one of the strongest countries in terms of realty in the GCC (Gulf Cooperation Council). There are a number of reasons for this. Read more

Bahrain, a group of 33 islands, with an area of 707 square kilometres, is situated in the Arabian Gulf, off the east coast of Saudi Arabia. The local time is GMT + 3 hours.

The state takes its name from the largest island Bahrain, which is 586.5 square kilometres. It is linked by causeways to Muharraq (international airport) and Sitra (industrial area and tank-farm). There are numerous other tiny islands, but they are mainly uninhabited and are best known for the variety of migrating birds which pass through in spring and autumn.

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