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Jordan real estate trade grows by 20% to $4.41 billion

By TRENDS Desk
August 8, 2022 1:16 pm
  • Jordan's revenue from the real estate market stood at $200 million in the January-July period of 2022, a 33-percent increase from the figure reported in 2021
  • In July alone the trade volume went up by 40 percent, touching $695 million

Jordan has posted a twenty percent rise in real estate trade to $4.41 billion during the first seven months of 2022.

According to the Department of Land and Survey, the state’s revenue from the real estate market stood at $200 million in the January-July period of 2022, a 33-percent increase from the figure reported in 2021.

In July alone the trade volume in the real estate market went up by 40 percent, amounting to $695 million compared to the same month of 2021.

Meanwhile, revenue in the same month of 2022 recorded a whopping 60-percent rise, reaching JD23 million compared to the same month of 2021.

Overall real estate sales in the Kingdom dropped by 7 percent in the January-July period of 2022, as apartment sales also declined by 2 percent, while land sales decreased by 9 percent compared to 2021.

 

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