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OREA calls for Real Estate Price Index in Oman

February 3, 2014 8:05 am

Oman Real Estate Association (OREA) has called for the introduction of a Real Estate Price Index, aimed at injecting stability, transparency and professionalism in the country’s property sector, Oman Daily Observer has reported. The absence of a price index for the real estate sector is one of several shortcomings stymieing the effective and optimal growth of the sector, said deputy chairman of OREA, Saleh al Riyami. “From a regulatory point of view, we are missing a few things in Oman – one of them is that we don’t have a real estate index where you (as an investor) can base your real information on,” said al Riyami.