Before you make the decision to invest in real estate, you should probably understand the reason behind it. To invest in real estate, you must be aware of the positives and negatives, as well as the type of journey you are embarking on. Moreover, you should carefully weigh your options before committing yourself financially.
Of course, there are many other investment options besides real estate. However, real estate is, in many cases, your safest option. If you make the right decision in terms of property and investment location, you will be highly rewarded. Here is why you should invest in real estate and more specifically in the Kingdom of Bahrain.
Think Long Term
Of course, renting a home may seem easier and less of a hassle. First of all, your landlord will be responsible for maintenance and repairs. Furthermore, you can easily move to a better home whenever you please. A rental apartment does have many benefits, especially if you choose to rent a furnished apartment.
However, if you think long term, you will be tempted to invest in real estate. That is because owning property pays off in the long run, especially if you plan to stay in the country for a while. Currently, many developers are offering easy payment plans as an incentive for real estate investment. Moreover, with a flourishing real estate market and high competition, developers are doing all they can to encourage individuals to purchase property in their development.
You will find that making the decision to invest in real estate will not only save you money over time but will also come in handy as a fallback plan. If for any reason, you decide to leave the country, you can easily sell the property for a profit. If you are suffering financially, you can also rent the property for a steady income.
Bahrain's Flourishing Market
The Kingdom of Bahrain continues to attract expatriates from around the world. This is due to its relatively affordable living expenses and real estate. With the lowest living expenses in the GCC, Bahrain is a favorite amongst expatriates and investors. Due to its open market and increasing freehold properties, developers are flocking towards the Kingdom to spread their mixed-use developments and soaring skyscrapers.
As an expatriate who wishes to invest in real estate in the kingdom, you have many options to choose from. Booming areas such as Amwaj Islands and Juffair present prime investment opportunities for locals and expatriates alike. Furthermore, affordable housing is spreading across the Kingdom. This presents you with more options when it comes to choosing the right property. Keep in mind, however, that as an expatriate you can purchase property in freehold areas. Luckily enough, Bahrain has more than a few of those that offer residents with an unmatched luxurious lifestyle.
If you are looking for a safe place to invest in real estate, Bahrain has to be your top choice. Over the years, the Kingdom has proven, again and again, how its market stands tall against exterior problems. During the oil crisis, Bahrain's real estate market managed to survive and remain stable. Furthermore, foreign investment came pouring in as is seen in the endless projects currently under construction. All across Bahrain, new projects are taking shape, making the diverse and vibrant country shine even brighter.
Besides being an investment hub, Bahrain is also home to increasing rental yields. This means that if you invest in property and choose to rent it, you will be benefiting in the long run. Also, Bahrain's strict rental laws protect the rights of both landlords and tenants. So when you do invest in the Kingdom of Bahrain, you have nothing to fear.
A Strong Economy
Investing a sum of money can be scary, especially if you will be pouring all your life savings. However, the real estate market is one of your safest investment options, even more so if you choose a strong and open economy.
In the Kingdom of Bahrain, location plays a vital role. The country allows easy access to every market in the Gulf region. Saudi Arabia, the region's largest economy and the world's largest oil producer is less than an hour away via the King Fahad Causeway. Other GCC countries are only a short plane ride away. Furthermore, according to The Economist Intelligence Unit (EIU), Bahrain's economy is estimated to be worth $2 trillion by 2020.
Moreover, Bahrain allows 100% foreign business investment. Meaning that you can invest in property and in a business too. In addition, there is no tax on personal income or wealth and very few indirect taxes on rent.
Why Invest in Real Estate
Overall, investing in real estate is a smart decision in the long run. It provides you with the opportunity to yield profit and also keep your money safe. Buying a home to live in instead of constantly renting will save you money over time. If you buy a home to rent out or even sell, you will also find that you will be making an undeniable profit. Whatever you choose to do with the property you have purchased, you will be making the right decision.
Remember, however, to choose the right property for investment. Look for a booming neighborhood that is expected to grow in the coming years. Find something that would be appealing for tenants if you want to rent it out. You should also consider whether you want to buy an older home or a unit in an upcoming development. Choosing the right property to invest in may take you some time. However, you shouldn't hesitate much before deciding to invest your money in real estate. Especially if you find a prime investment in the Kingdom of Bahrain which is sure to be beneficial over time.