Service is aimed at individual investors with rental properties in the country
Cluttons has announced the launch of its new Buy to Let Management Service in Bahrain. The service is a one-stop shop that leverages the firm’s local team to handle leasing and management services, based on the requirements of hands-off landlords in the country.
The international real estate consultancy says that it anticipates increased demand for tailored services, as a result of growth in the Bahrain real estate market and an increase in the supply of freehold property.
According to Cluttons, the Buy to Let Management Service team handles individual properties for a fixed price, and includes activities such as leasing, contract renewal processing, collection of rent and service charges, a 24-hour emergency line for tenants, arrangement of repairs and maintenance, as well as regular property visits and inspections.
“Today, the world of property is changing rapidly and if we want to succeed in helping our clients, we need to embrace changing market dynamics. Our business has grown in Bahrain and we want to expand the service we can offer our clients,” explained Harry Goodson-Wickes, head of Cluttons Bahrain and Saudi Arabia.
In line with its announcement, the firm has appointed Devolta Stroup, as the property manager for the Buy to Let service line. Stroup will be tasked with creating a tailored service that aims to make the process easier for landlords, as well as tenants.
“One of the latest instructions was Reef Tower in Amwaj, where Cluttons was selected as the sole leasing agent and we have been successful in leasing all units in five months. Through active management, the tower continues to retain 100 per cent occupancy,” notes Goodson-Wickes.