AMMAN — Acting Director General of the
Department of Lands and Survey (DLS) Mohammad Al-Sawafin said on Monday that the real estate
transactions nearly doubled this August, compared to August 2021, according to
Al-Mamlaka TV.
اضافة اعلان
Sawafin said in
a statement that real estate transactions effected in August this year were
worth JD33,390,000, while they amounted to JD19,918,000 in August 2021.
In its session
on Monday headed by Prime Minister Bisher Al-Khasawneh, the Cabinet agreed to
exempt inheritance transactions from a percentage of the registration fees.
According to the
decision, inheritance transfer transactions will be exempted from the
percentage prescribed in the table of land registration fees by 0.5 percent, to
become 0.001 percent, and inheritance transactions will be exempted from the
percentage prescribed in the table of 1 percent to become 0.5 percent.
This decision
will remain in force until the issuance of a law amending the Land Registration
Fees Law No. 26 for the year 1958 and the table attached to the law.
The decision
continues the measures taken to stimulate the real estate market, revitalize
the real estate sector, and enable heirs to invest their properties.
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