29.06.2010 - Bahrain property market hit by oversupply
From Maktoob.com: Bahrain's property market is likely to remain subdued for some time due to lack of financing, while oversupply in both the residential and commercial sector will put further pressure on rents, a report said on Monday. Some 19,300 new homes are expected in the Gulf Arab state over the next five years if developers stick to current plans, property consultancy DTZ said, adding that residential rents fell 15-20 percent over the past year in some areas..............................................Full Article: Source
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