New report says Muscat residential market continues to be oversupplied with apartment blocks.
Its new report indicated that Muscat’s residential market continues to be oversupplied with apartment blocks, despite a gap in the market for high-quality villas and townhouses.
The Oman Market Report for 2018 also said that the countrys office sector saw demand for business centres increase in 2018 as a result of firms downsizing and seeking fitted office premises at lower costs.
Demand for Grade A stock is expected to remain stable and developers should benefit from current market conditions and lower costs to build.
Read more: https://www.arabianbusiness.com/news/413033-oman-property-prices-continue-to-fall-amid-subdued-demand
Oman property prices continue to fall amid subdued demand