{"id":891,"date":"2017-04-17T13:32:54","date_gmt":"2017-04-17T13:32:54","guid":{"rendered":"https:\/\/www.weetas.com\/insights\/?p=891"},"modified":"2017-04-17T13:32:54","modified_gmt":"2017-04-17T13:32:54","slug":"7-reasons-that-contribute-to-the-real-estate-delivery-delay-in-bahrain","status":"publish","type":"post","link":"https:\/\/www.weetas.com\/insights\/en\/7-reasons-that-contribute-to-the-real-estate-delivery-delay-in-bahrain.html","title":{"rendered":"7 reasons that contribute to the real estate delivery delay in Bahrain"},"content":{"rendered":"

Despite being a stable market<\/strong> unlike neighbouring countries, but the real estate market in Bahrain faces delays when it comes to the real estate delivery delay of various projects.<\/p>\n

These delays cause severe problems between developers and buyers which might get both parties settling their disputes before a court.<\/p>\n

But before jumping ahead to conclusions, investors should be aware of the reasons that cause real estate delivery delay in some projects over others.<\/p>\n

Some of this delays are excusable<\/strong> and others are inexcusable.<\/p>\n

We rounded up a list of 7 reasons<\/strong> that contribute to real estate delivery delay in projects in Bahrain.<\/p>\n

1- Delays in Construction<\/strong><\/p>\n

\"Delays<\/p>\n

The construction process of any real estate project is subjected to get delayed by developers<\/strong>.<\/p>\n

There are a lot of necessary permits and legal requirements <\/strong>that a developer needs to obtain first before proceeding with the construction process.<\/p>\n

Ignoring the completion of all the legal requirements needed will eventually cause cascading delays<\/strong> in the delivering process.<\/p>\n

Also, almost all developers sell their projects off-plan, which can also be a cause of the delay.<\/p>\n

Developers can intentionally delay construction if they noticed that the off-plan sales<\/strong> are going at a slower pace than they expected.<\/p>\n

Another delay that is caused by developers is that some use the profits generated from the off-plan sales to start another project.<\/p>\n

Authorities<\/strong> are also one of the reasons that cause a delay in construction.<\/p>\n

The time consumed<\/strong> to issue all the necessary approvals can affect the construction process.<\/p>\n

2- Delay in architectural work<\/strong><\/p>\n

\"Delay<\/p>\n

Architectural firms responsible for designing the project plans are also a part of delaying the delivery process.<\/p>\n

The budget<\/strong> as well may cause the delay in architectural work.<\/p>\n

While committing to several projects<\/strong> at once may also affect the agreed deadline.<\/p>\n

However, the blame doesn\u2019t only fall on architectural firms as developers might have amends<\/strong> to the designs of the project.<\/p>\n

3- The Launch of Multiple under Construction Projects<\/strong><\/p>\n

\"The<\/p>\n

As we mentioned earlier, when a developer launches many under construction projects at the same time, committing to agreed delivery dates can be sometimes hard to achieve.<\/p>\n

Funding<\/strong> is the main problem here.<\/p>\n

Developers using the proceeds<\/strong> of one project to launch the other will affect these entire projects delivery schedule<\/strong>.<\/p>\n

4- Continuous change in real estate development laws<\/strong><\/p>\n

\"Continuous<\/p>\n

Real Estate laws are there to protect<\/strong> both developers and investors rights.<\/p>\n

However, any change that occurs in a real estate law will require developers to add more steps before their project gets completed.<\/p>\n

Hence, a delay in the delivery dates will occur.<\/p>\n

Whether it is a change related to payment plans, additional permits<\/strong> needed or an update in land registration law, all of this will ultimately hinder the delivery process.<\/p>\n

5- Third Parties Delays<\/strong><\/p>\n

\"Third<\/p>\n

Sometimes a subcontractor<\/strong> fails to live up to its commitments which affect the overall workflow of the entire project.<\/p>\n

Any delay from material suppliers<\/strong> can also cause a delay throughout the developing process.<\/p>\n

Developers will hire third parties who are specialised in their own fields, however, while expecting this to speed up the process of delivery; third parties might be the reason for this delay.<\/p>\n

6- Climate Delays<\/strong><\/p>\n

\"Climate<\/p>\n

Weather disruptions<\/strong> may delay the developing process of real estate projects.<\/p>\n

Climate conditions are uncontrollable and may hinder the progress<\/strong> of the development process.<\/p>\n

Projects may start under stable weather conditions but as the works go on, climate might change.<\/p>\n

7- Client Delays<\/strong><\/p>\n

\"Client<\/p>\n

Yes, buyers can be the cause of real estate projects delays.<\/p>\n

Buyers can delay paying instalments<\/strong> due to financial problems and developers depend on these instalments to proceed with the developing process.<\/p>\n

Client delays also occur due to their dissatisfaction<\/strong> where they require specific alterations to invest in the project.<\/p>\n","protected":false},"excerpt":{"rendered":"

Despite being a stable market unlike neighbouring countries, but the real estate market in Bahrain faces delays when it comes to the real estate delivery delay of various projects. These delays cause severe problems between developers and buyers which might get both parties settling their disputes before a court. But before jumping ahead to conclusions, … Continue reading 7 reasons that contribute to the real estate delivery delay in Bahrain<\/span><\/a><\/p>\n","protected":false},"author":3,"featured_media":903,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[10],"tags":[],"_links":{"self":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/891"}],"collection":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/comments?post=891"}],"version-history":[{"count":6,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/891\/revisions"}],"predecessor-version":[{"id":921,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/posts\/891\/revisions\/921"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media\/903"}],"wp:attachment":[{"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/media?parent=891"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/categories?post=891"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.weetas.com\/insights\/wp-json\/wp\/v2\/tags?post=891"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}