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Real estate deals up 32.2 per cent

5 Jul 2021

The total value of property transactions in the sultanate till the end of May 2021 increased by 32.2 per cent to reach RO1.1bn  compared to the same period of 2020 as indicated by the preliminary statistics issued by the National Centre for Statistics and information (NCSI).

The collected real estate transaction fees stood at RO33.7mn, indicating a rise of 49.4 per cent.

The traded value of sale contracts went up by 73.4 per cent to reach RO491.9mn. The number of executed sales contracts saw a rise of 129.8 per cent to reach 36,649 at the end of May 2021 compared to 15,949 contracts in May 2020.

‘The traded value of mortgage contracts rose by 12.8 per cent to reach RO660.8mn at the end of May 2021 compared to RO586mn in the same period of 2020. The number of mortgage contracts reached 7,679, an increase of 85.2 per cent compared to 4,146 contracts in May 2020,’ the NCSI report said.

The traded value of exchange (barter) contracts dropped by 2.7 per cent to reach RO8.9mn compared to RO9.2mn in the same period of 2020. 

 

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