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Bahrain rents down 25pct as unrest batters real estate

Posted on 03 October 2011

Rental rates in Bahrain slumped by a quarter in the first half of 2011 as the political unrest deterred foreign investors and companies, said property broker Knight Frank in a report.
The average rental rate was BD1,200 ($3,183), a decline of 25 percent on the same period a year-earlier, the report said. The decline was reflected among sale values, with average pricing for apartments in the Gulf kingdom at BD790 ($2,095) per sq m during the six-month period……………………………………….Full Article: Source

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