Real estate trading volume up 20%

(File photo: Jordan News)
AMMAN — The trade volume of Jordan’s real estate increased by 20 percent between January and July this year to record JD3.128 billion, compared with the figure reported in the same period of 2021, according to the Jordan News Agency, Petra.اضافة اعلان

The Department of Land and Survey (DLS) revealed Sunday that the state’s revenue from the real estate market stood at JD142 million in the January to July period of 2022, a 33 percent jump from the figure recorded in the same period in the preceding year.

Overall, real estate sales in the Kingdom dropped by 7 percent between January and July this year, as apartment sales also declined by 2 percent, and land sales fell by 9 percent, compared with the corresponding period in 2021.

On a monthly level, the trade volume in the Jordanian real estate market went up by 40 percent last month, to reach JD493 million, compared with July 2021.

Revenue in the same month recorded a whopping 60 percent rise, reaching JD23 million compared with the same month of 2021.

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