Property
Bahrain — Property: Mortgage Availability
Bahrain's mortgage market is underdeveloped, with limited options for residents and foreigners, especially for higher-value properties. The Mazaya Program offers a limited amount of financing up to BHD 81,000 for properties not exceeding BHD 120,000.
Why this matters
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Key facts
- Bahrain's mortgage market is underdeveloped and limited to the Mazaya Program for higher-value properties.
- Foreigners often face stricter requirements for mortgage approval and may not be eligible for the Mazaya Program.
Costs
- Loan Amount: BHD 81,000
- Mazaya Program Maximum Property Value: BHD 120,000
Common mistakes
- Assuming mortgage availability is similar to other countries.
- Overlooking the need for substantial savings or alternative financing options.