Bahrain's Real Estate Regulatory Authority (Rera) recently hosted a workshop to discuss the key measures which will be introduced over the coming months to regulate the real estate evaluator profession in the kingdom, said a report.
The workshop held under the theme ‘Foundations for a Sustainable Real Estate Sector’ provided evaluators with an opportunity to discuss and agree key issues for the sector.
Evaluators have a key role to play in building a more sustainable real estate market, reported BNA, citing a top official of the property watchdog.
"We will continue to drive forward with the objective of creating an efficient and transparent real estate sector which is attractive to local and international investors," remarked Rera CEO Shaikh Mohammed bin Khalifa Al Khalifa.
He pointed out that Rera would ensure that Bahrain adopts international best practice by implementing International Valuation Standards and collaborating with world renowned organisations such as the Royal Institute of Chartered Surveyors (RICS) in designing and implementing training and development programmes to further professionalise the sector.
"We will achieve this by engaging with all stakeholders, listening to their issues and ultimately implementing regulations that will be to the benefit of all in the property ecosystem," stated the Rera chief.
The co-operation and enthusiasm for reform evidenced at the meeting with leaders from the evaluator profession augurs well for the future of the real estate sector in Bahrain, he added.
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