Rise in Oman’s property values leaves uncertain future
Industry observers announced that following a decade-long lull, land values in Oman have finally began to climb.
"There was no inflation for ten years, then from 2000 to now land values have inflated by almost 40 per cent," said Gus Freeman, managing director of the Arabian Research Bureau according to Gulf News.
Pointing out to the exciting prospects of the new boom, Freeman added that it remained to be seen what trend the market would take in the future. He also explained that the boom may not be maintained.
"The boom is very genuine but the question is how it will progress," he said.