Real estate trading up 24pct in January-September of 2022

Jordan’s real estate trade volume rose by 24 percent in the January-September period of 2022, reaching JD4.353 billion compared to the figure reported in the same period of 2021.

 

The Department of Land and Survey revealed on Tuesday that the state’s revenue from the real estate market stood at JD199.6 million in the January-September period of 2022, a 38-percent increase from the figure reported in 2021.

 

Overall real estate sales in the Kingdom dropped by 8 percent in the January-September period of 2022, as apartment sales also declined by 3 percent, while land sales decreased by 9 percent compared to 2021.

 

On a monthly level, the trade volume in the Jordanian real estate market went up in September 2022 by 22 percent, amounting to JD529 million compared to the same month of 2021. Meanwhile, revenue in the same month of 2022 recorded a 31-percent rise, reaching JD24.2 million compared to the same month of 2021.

 

Source: Jordan News Agency