Property sales in Jordan decline compared to 2022

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(File photo: Jordan News)
AMMAN — The volume of trade in land and real estate during the first eight months of 2023 reached JD4,658,390,495, according to a report issued by the Department of Lands and Survey. Meanwhile, revenue decreased by 20 percent in August 2023 compared to the same month in 2022, but increased by 7 percent compared to July 2023, reaching JD26,774,760, Al-Mamlaka News reported.اضافة اعلان

According to the report, revenue also increased by 0.04 percent during the first eight months compared to 2022, reaching JD176,126,918.

Land and real estate sales
The estimated value of sales to non-Jordanians also decreased by 25 percent during the first eight months of 2023 compared to the same period in 2022, amounting to JD151,043,366.

Similarly, the estimated value of sales to non-Jordanians decreased by 17 percent in August 2023 compared to August 2022, but increased by 33 percent compared to July, reaching JD30,128,008.

Apartment sales
The movement of sales to non-Jordanians also decreased by 17 percent during the first eight months of 2023, with apartment sales decreasing by 12 percent and land sales decreasing by 26 percent compared to the same period in 2022.

In August 2023, the sale of real estate in the kingdom decreased by 4 percent compared to the same month in 2022, but increased by 12 percent compared to July. Apartment sales decreased by 2 percent compared to August 2022, but increased by 14 percent compared to the previous month, while land sales decreased by 5 percent compared to the same month in 2022, but increased by 11 percent compared to the previous month.


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