Volume of Jordan’s real estate trading stands at JD2.602b till end of July

[vc_row][vc_column][vc_column_text]The real estate trade volume in the Kingdom went up by 6 per cent in the first seven months of 2021 standing at JD2, 602 billion, compared with the same period of 2019, the Department of Land and Survey (DLS) announced last week on Wednesday.

The department’s revenues in the January-July period of 2021 declined by 16 per cent to JD106.5 million, compared with the same period in 2019, according to the department’s monthly report. On a monthly basis, the real estate trade volume last July alone plunged by 16 per cent, compared with the same month of 2019. Meanwhile, value of revenues recorded during June saw a decrease of 33 percent, compared to the same month of 2019, the DLS added.

Real estate sales in the Kingdom during the first seven months of 2021 increased by 45 percent, as apartment sales increased by 30 percent, and land sales increased by 50 percent compared to the same period in 2019, the DLS report showed.

 

Amman real estate trade volume stands at JD1.795b

The real estate trade volume in the capital during the first seven months of the year accounted for JD1.795 billion out of the Kingdom’s total of JD2.602 billion, the Department of Land and Survey announced on Saturday.

The department’s statistics showed that real estate trade volume in the northern Amman office stood at JD552 million, followed by Amman office with JD281 million, east Amman with JD271 million and south Amman with JD252 million, the Jordan News Agency, Petra, reported. Real estate sales in the Kingdom between in the January-July period totalled 97,654, marking an increase of 45 per cent compared with the same period of 2019, including 31,993 sales in Amman alone with a share of 33 per cent of the Kingdom’s total sales.

Real estate sales in Amman included 13,510 apartments and 18,383 plots of land, while the rest of governorates witnessed the sale of 8,000 apartments and 57,660 plots of land. Real estate sales for non-Jordanian investors in the first seven months of the year totalled 1,424, marking a drop of 12 per cent compared with the same period of 2019, including 1,004 apartments and 420 land plots.

Iraqi nationals topped the list of foreign sales standing at 475, followed by Saudis with 300, Syrians with 203 and Gazans with 120.

 

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