Announcement issued regarding real estate valuation

  • Date: 29-Nov-2020
  • Source: Times of Oman
  • Sector:Real Estate
  • Country:Oman
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Announcement issued regarding real estate valuation

Muscat: The Real Estate Registry Secretariat at the Ministry of Housing and Urban Planning announced its desire to sign multiple contracts with a number of companies and institutions in the field of real estate brokerage specialising in real estate valuation of the first-class category in order to establish the price assessment of the land and real estate in all governorates of the Sultanate for every six months. 

Ministry of Housing and Urban Planning said, "Within the framework of the regulatory procedures for determining the value of traded real estate according to the movement of the real estate market and developing a guide to assess the prices of the real estate when conducting real estate transactions that transfer ownership in various governorates of the Sultanate.“