New price index launches to help regulate oman real estate
A new price index has been launched to help regulate the Oman property sector.
The Muscat Real Estate Index lists land and rental values for the area and was launched at the second Oman Real Estate Conference yesterday.
The index has been produced through the co-operation of the Ministry of Housing, the National Centre for Statistics and Information (NCSI) and the Oman Real Estate Association (ORA).
KPMG independently calculated the index from agencies in Muscat. The first release covers the fourth quarter of 2014 and the first quarter of 2015. The next index will be released in June 2015, covering the second quarter of this year.