AMMAN, JORDAN – Jordan’s real estate trade picked up by 23 percent to US$6.8 billion (JD4.875 billion) in 2022’s January-October period, in comparison to figures reported in the same period of 2021.
The Department of Land and Survey (DLS) revealed on Monday that the state’s revenue from the real estate market stood at $344 million (JD244 million) by the end of last October, a 37-percent increase from the figure reported in 2021.
Overall real estate sales in the Kingdom dropped by seven percent during the same period of 2022, as apartment sales also declined by three percent, while land sales decreased by nine percent compared to 2021.
On a monthly level, the trade volume in the Jordanian real estate market went up in October 2022 by 21 percent, amounting to $736 million (JD522 million) compared to October 2021.
Meanwhile, revenue in October 2022 recorded a 35-percent rise, reaching $34.9 million (JD24.8 million) compared to October 2021.