The real estate market in Bahrain remains largely stable with few notable changes across all market segments, according to a report by real estate consultancy Cluttons on Tuesday.

The firm noted almost no changes in residential rents despite inflation and uncertain economic circumstances, remarking it was outperforming expectations.

Concerning the office market, the report states “the stability borders on stagnation,” with nearly no changes to be found during the first nine months of 2016.

The same judgment applies to the retail real estate sector where Cluttons expects another 6-12 months of stability. It attributed this stability largely to pressure on household budgets, stating the rents were “at risk of overheating,” concerning the resilience of the market in the wake of the oil price crisis.