Real estate contracts value hits RO 252m in May 2017
Real estate contracts value hits RO 252m in May (Source: Oman Observer)
? Transactions involved sale, grant, inheritance, exchange, mortgage redemption, and division transactions –
? Dr Ali bin Azzan al Hashami, Deputy Secretary of the Real Estate Registry at the Ministry of Housing, said that the value of traded contracts during May 2017 stood at RO 252 million while the collected fees amounted to RO 7.831 million.
? He added that the real estate activity involved 33,279 transactions that included sale, grant, inheritance, exchange, mortgage and mortgage redemption, usufruct and division transactions.
? He further said that the total value of mortgage contracts stood at RO 133,161,000 through concluding 1,933 contracts at the level of governorates in the Sultanate.
? He pointed out that the fees collected from mortgage contracts hit more than RO 638,000 while the highest percentage of mortgage contracts registered in the Governorate of Muscat with 591 compared to the other governorates in the Sultanate.
? The Deputy Secretary of the Real Estate Registry at the Ministry of Housing added that the total value of exchange contracts hit more than RO 1 million while the fees collected from such contract transactions stood at above RO 22,000 through 75 relevant contracts