AMMAN — President of the General Association of Real
Estate Agents Mohamed Nour Taha called on the government to extend exemptions on
real estate registration until the end of the year, pending the completion of
the proposal to amend the pertinent law, according to Al-Mamlaka TV.
اضافة اعلان
Taha suggested reducing the registration fee to 4 percent
instead of the government's proposed 6 percent, which would positively impact
the investment climate in the sector. He
said that the decision would facilitate, encourage and revitalize the real
estate market, which would reflect positively on the economy and enable all
segments of society to own property.
Taha explained that the continued exemption of the first 150
meters of structurally completed housing units, including apartments and houses,
from registration fees regardless of the seller, and limiting the exemption to
Jordanians only would increase the chances of Jordanians’ ability to own housing.
He said that the continued reduction of sales fees by 50
percent under the Land Registration Fee Law No. 26 of 1958, and the reduction
of the property sales tax by 50 percent under the Real Estate Sales Tax Law No.
(21) Of 1974 reflects positively on investors and expatriates who wish to buy
property in the Kingdom.
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