Beyond Borders: A Journey of Two Property Universes – Zagreb vs. Manama

Journey of Zagreb and Manama Property Markets

In this comparative analysis, we explore the property markets of Zagreb and Manama, two cities offering distinct real estate landscapes. By examining key indicators such as price-to-income ratios, mortgage affordability, rental yields, and apartment prices, we aim to highlight the contrasting dynamics and notable disparities in property prices and affordability between these two urban centers.

The data reveals intriguing insights, showcasing differences in price-to-income ratios, mortgage burdens, loan affordability, price-to-rent ratios, rental yields, and apartment prices. This analysis provides valuable information for individuals interested in understanding the housing options and investment potential in Zagreb and Manama, assisting them in making informed decisions based on their affordability and investment objectives.

The price-to-income ratio in Zagreb is considerably higher at 12.52 compared to Manama’s 4.49, indicating that property prices in Zagreb are relatively more expensive in relation to income levels. Moreover, mortgage burdens in Zagreb stand at a high percentage of income, with mortgage as a percentage of income at 91.37%, while Manama’s figure is relatively lower at 44.85%. This suggests that accessing mortgage financing in Zagreb may be more challenging due to the higher proportion of income required for mortgage payments. Additionally, the loan affordability index in Zagreb is lower at 1.09 compared to Manama’s 2.23, indicating a lower affordability of loans in Zagreb.

When it comes to rental yields, Manama showcases higher gross rental yields in both the city center and outside of the center. In the city center, Manama exhibits a gross rental yield of 8.39%, while Zagreb’s figure is significantly lower at 3.52%. Similarly, outside of the city center, Manama boasts a gross rental yield of 9.33%, surpassing Zagreb’s 3.81%. This suggests that real estate investors may find better rental returns in Manama’s property market.

Furthermore, the data showcases differences in apartment prices. For instance, a one-bedroom apartment in the city center of Zagreb costs 650.00 € per month, while in Manama, it is slightly higher at 774.67 €, representing a difference of 19.2%. Similarly, apartment prices for three-bedroom units in both the city center and outside of the center are considerably higher in Manama compared to Zagreb, indicating potentially higher housing costs in Manama.

In conclusion, the comparative analysis of the property markets in Zagreb and Manama highlights significant variations in terms of price-to-income ratios, mortgage affordability, rental yields, and apartment prices. These insights can be valuable for individuals considering real estate investments or relocating to these cities, as they can make informed decisions based on the nuanced differences in the housing landscapes of Zagreb and Manama.

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Tags: Real Estate Market, Blog, Magazine, News.

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