Oman: third most affordable place to buy a house in the world

Oman has emerged as the third most affordable place to buy a home in the world, according to a new report released by Assured Removalists, a Sydney-based moving company. The results are based on combined data based on average annual salary, income tax and house prices to produce a ratio that reveals how affordable houses all around the world are.

In an emailed reply to Muscat Daily, Sam Corneloup, director of Assured Removalists said, “Not only is Oman considered to be one of the friendliest places to live in the Gulf, new data revealed that it is also one of the most affordable places to buy a home.”

The opening of Oman’s real estate market to foreigners as part of the ‘Vision 2020’ plan, which aimed to diversify Oman’s economic base and reduce its dependence on oil revenues has seen many nationalities given the right to own real estate, but only in Integrated Tourism Complex (ITC) developments.

Source Credit: Saudi Gazette
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