Affordable homes capital values ‘far more resilient’

MANAMA: Capital values in Bahrain’s affordable housing segment have been far more resilient than high-end apartments, reveals new research.

Property consultant Savills’ Market in Minutes report on the kingdom’s property sector for Q3-2021, found that capital values across the apartment segment have remained largely stable, despite the increase in supply during the period from July to September.

Average capital values have remained stable across low and mid-end segment while they have dropped by an average of 1.4 per cent quarter-on-quarter (QoQ) across the high-end segment.

The supply of residential apartments continued during the quarter as 210 new units were introduced to the market across two projects, Address Residence and Marassi Vista, which are part of the Marassi Al Bahrain project by Eagle Hills.

However, capital value sentiments across the villa market have remained subdued.

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