Bahrain
What do I need to know when buying property in Bahrain?
When we asked expats what advice they would give a foreigner before buying a property in Bahrain, they said...
"1. It is important to evaluate the property purchase carefully and make sure to get a professional opinion on condition and local market factors. 2. It is important to become familiar with the Bahraini property laws and regulations, as well as the requirements for registering your purchase. 3. It is important to understand the title deeds and make sure they are in order before signing any purchase contracts or transferring any money into the country. 4. It is important to check that the property is not facing legal or ownership disputes before signing contracts. 5. Financing your property purchase will require either cash or a mortgage from a local bank, and the terms may vary depending on your situation. 6. Property taxes will vary depending on the size and location of the property, as well as the zoning of the area. 7. All renovations and alterations to the property must receive official permission from the proper authorities before any work can be done. 8. Be sure to arrange insurance if you are renting or buying property in Bahrain," said a member in Bahrain.
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SJB GlobalSJB-Global is a top-rated financial advisory firm specializing in expat financial advice worldwide, offering retirement planning & tax-efficient solutions with a regressive fee model. Our clients benefit from their country’s most favorable tax environment by utilizing the efficient investment vehicles we offer. Our commitment to quality service is reflected in our stellar reviews, with over 300 testimonials boasting 95% five-star ratings.
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What do I need to know when buying property in Bahrain?
If you live in Bahrain, newcomers to Bahrain would love to hear your answer to this question:
