OMR1.3 bil worth of real estate transactions signed by February-end

19/04/2015 00:36 AST

Real estate transactions worth OMR1.3 billion were signed by the end of February 2015 in the Sultanate, registering a significant growth of 137.8 per cent as compared to 2014.

The dues collected on these transactions stood at OMR7,700,000, a growth of 26.2 per cent. The value of the sale transactions declined by 2.4 per cent to record OMR179.4 million.



Sale transactions

The number of sale transactions also declined by 12.2 per cent with 12,962 transactions as compared to 14,759 during the same period in 2014.

The value of mortgage contracts increased by 241.6 per cent to hit OMR849.3 million, as compared to OMR248.6 million during the same period in 2014.

The value of swap transactions as of the end of February 2015, stood at OMR2.1 million, a growth of 110 per cent compared to the same period in 2014, when it was OMR1 million.



Swap contracts

There were 210 swap contracts by the end of February 2015, a growth of 3.4 per cent as compared to 203 during the same period in 2014.

The number of title deeds issued by the end of February 2015 stood at 38,637, a decline of 2.4 per cent compared to 39,885 title deeds during the same period in 2014.

The number of title deeds issued to GCC nationals by the end of February 2015 fell by 20.7 per cent to 562, as compared to 709 title deeds during the same period in 2014.


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