Jordan, February 7, 2019
Real estate trade volume drops by 24 per cent in January

Amman, Feb.6 (Petra) -- Trading volume in the Kingdom’s real estate market fell to JD345 million in January 2019, dropping by 24 per cent from JD453 million in the same period last year.

The monthly report on the real estate in the Kingdom, issued by the Department of Land and Survey (DLS) on Wednesday, showed that Northern Amman Registration Office ranked first in the sector, with a trade volume of JD 65 million, followed by Central Amman Registration Office with JD 50 million, Southern Amman Office with JD 33 million , while West Amman Office saw a trade volume of JD28 million.

The number of real estate sales for non-Jordanian investors in January fell reaching JD18 million, a 20 per cent decrease from last year.

Iraqi nationals ranked first in the number of non-Jordanian investors, with 58 real estates’ sales, followed by the Saudi nationals, who performed 46 real estate sales. Meanwhile, the Syrians investors came third with 22 real estates’ sales, the report revealed.

Concerning value, Iraqi nationals’ sales came first in the non-Jordanian investors, with a total value of JD7.8 million, worth 43 per cent of the overall non-Jordanian sales. They were followed by Saudi nationals, whose investment value reached JD2.7 million, while investments of the Yemenis came third with JD2.3 million.