Value of Real Estate Trading Hits More Than RO 447 Million in Oman as End of February 2023

The value of real estate trading in the Sultanate of Oman until the end of February 2023 stood at RO 447.3 million compared to RO 381.1 million until the end of February 2022, comprising a growth of 17.4 percent compared to the same period in 2022, showed data of the National Centre for Statistics and Information (NCSI).

The total fees collected from all legal actions stood at RO 12.5 million, an increase of 22.8 percent compared to the same period in 2022.

The value of sale contracts stood at RO 207.5 million, whereas the value of mortgage contracts stood at RO 238.3 million. The value of the swap contracts stood at RO 1.5 million.

According to the NCSI statistics, as many as 39,079 title deeds were issued by the end of February 2023. The number of title deeds issued for GCC citizens reached 210, compared to 148 title deeds as at the end of January 2022, comprising an increase of 41.9 percent.

Source: Oman News Agency