Jordan apartment sales in 2022 ‘weak’, says stakeholder

real estate sales staff give the artificial home
(Photo: Envato Elements)
AMMAN — In 2022, 43,000 apartments were sold in Jordan, according to Head of the Jordan Housing Developers Association Kamal Al-Awamleh, who said sales were “weak” due to unusually high prices in the sector, Al-Rai reported.اضافة اعلان

In a press statement, Awamleh attributed the high prices in the sector to government fees.

Whereas apartment sales dropped in 2022 compared to 2021, this year’s real estate trading volume rose compared to figures for the previous year, he said.

In 2023, Awamleh predicted, the sector will continue to grow. However, he called on the government to reconsider sales fees — reducing them to 4 percent in Amman and 3 percent in the governorates — to boost development.

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