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BAHRAIN PROPERTY MARKET REBOUNDS

ARTHUR MACDONALD Gulf Daily News
BAHRAIN PROPERTY MARKET REBOUNDS - Bahrain - property market


MANAMA: Bahrain has seen a return of investor confidence to the realty market, Bahrain Society of Engineers president A Majeed Al Gassab announced yesterday.



He was speaking at the opening of the BIPEX 2010 International Property Exhibition.

The three-day event at the Bahrain International Conference and Exhibition Centre was opened by Deputy Prime Minister Shaikh Khalid bin Abdulla Al Khalifa.

"I'm sure all of us assembled here today come with a sense of hope, a growing belief that the worst is over and BIPEX 2010 will see the ushering in of renewed growth and prosperity in the sector.

"I personally don't think this is a false dawn because there are definite indications that Bahrain's economy is entering a positive growth phase after a period of stagnancy and its reflection will definitely be seen in the real estate sector.

"In fact, all consumer surveys point to a return of confidence in the market, which is the best news I can give you at the moment," he said.


Source



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