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Jordan, July 13, 2020
Real estate trading declines by 44% to the end of June

Amman, July 12 (Petra)- Real estate trading declined during the first half of 2020 to JD1.125 billion, according to a report issued by the Department of Lands and Survey (DLS) on Sunday.

The reduction caused an 56 per cent drop in the first half's revenues, which fell to JD46 million, showed the DLS report.

On the monthly level, the volume of trading in the real estate market in June reached approximately JD291 million, an increase of 8%, compared to the same month in 2019.

According to the data, June's revenues recorded a decrease of 14% compared to the same month in 2019, to reach about JD12 million.

Sale in the Kingdom's real estate sector also plunged during the first half of 2020 by 21%, as apartment, land, sales decreased respectively by 24%, and 20%, compared to the same period in 2019, showed the DLS figures.