The global turnover for the luxury real estate market is over one trillion. Owning even a small part of it can reap you profits. To top it all, the cost of living in Bahrain is 17’% less than that of the US. It is a winning lottery for people to buy from the Bahrain luxury real estate market. Let’s explore more reasons!
1)Appreciation overtime is always high
Luxury real estate prices increase yearly due to limited supply and unlimited demand. Thus this is an excellent option for investment and retirement income.
2)Network
Living in luxury real estate can give you five times the return. This is when the right network for your business is available.
3)Sell under any economic crisis
Even when the economy crashes, luxury real estate remains stable. Some prosperous businessmen enjoy the recession and economic crisis. Studies have shown that whenever the economy collapses, it brings out new resilience. Thus the wealthy will buy your luxury real estate. It may help you in the economic crisis.
4)Tourists spend lavishly on rental homes
Renting Luxury real estate is sought by tourists. It can thus boost your return on investments in luxury real estate. Hence you can explore its rental income potential.
5)Tax benefits
Why give your hard-earned money to someone else? Avail tax exemption and deductions in luxury real estate. Either in your own country or in Bahrain.!
6)Only after two years does the rent go up.
Tenant occupancy of two years or more is a must under the Lease Law before a rent increase is not applicable. Residential leases will increase by 5%. Commercial and industrial leases will increase by 7%.
There must be a three-month lead time for any rent-related communication.
Each rent increase during the lease term cannot be above five percent. Tenants get informed of a rent increase at least three months before it takes effect.
7)Analysis of costs and benefits
Your take-home pay is unaffected by taxes.
The only tax you’ll have to pay is 1% of your annual earnings for social insurance. As a result, you’ll be able to save quite a bit of cash. Real Tech’s real estate consulting gives you authentic advice on maximizing profits with luxury real estate. You can also buy or rent our Luxury apartments in Bahrain.
Why should you choose us?
● Swankty apartments with Luxury in the details
● Spacious with rooftop terrace, swimming pool, gym
● Sea-view apartments with exuberant facilities and services
● Elegant interiors with stare-worthy finishes
● Comfortable and convenience boast in every step
● High-end bathrooms, flooring, kitchens, and well-designed ceilings.
● Various Property types include 2 BHK,3BHK 4 BHK, penthouse, and so on
● Property maintenance, property management, real estate consulting, and market appraisals
We can show you smart moves to seal a luxury real estate deal!
