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    Real estate trade up 37pct in Q1 of 2022

    April 7, 2022
    real estate

    Amman, Apr. 6 (Petra) -- Jordan's real estate trade volume went up by 37 percent in the first quarter of 2022, reaching JD1.414 billion compared to the figure reported in 2021.

    According to the Department of Land and Survey (DLS) monthly report issued on Wednesday, the state's revenue from the real estate market stood at JD63.1 million in the same period of 2022, up by 48 percent from 2021.

    Overall real estate sales in the Kingdom picked up by 2 percent, as apartment sales rose by 13 percent, while land sales inched up by 1 percent compared to 2021.

    On a monthly level, the trade volume in the Jordanian real estate market in March of 2022 soared by 90 percent, amounting to JD679 million compared to the same month of 2021.

    Meanwhile, revenue in the same month of the current year recorded a 90-percent increase, reaching JD44.3 million compared to the same month of 2021.

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