Ammon News - AMMONNEWS - Jordan’s property market saw a slump in the first half of 2016, with both the total trade and revenues from real estate sales registering drops over the previous year, according to the official news agency.

The Petra Jordan News Agency cited data from Jordan’s Lands and Survey Department as revealing that total trading volume in real estate was down by more than 6% in the first half of the year, amounting to JD3.21 billion, down from JD3.41 billion in 2015.

At the same time, revenues from property sales dropped 10% in the first half of this year to JD164.3 million, compared with JD182.7 million in the same period last year, the report added.

The capital Amman had the biggest share of the country’s real estate trade at 72.3%, while the rest was spread across Jordan’s various governorates, the monthly report said. It added that the estimated value of real estate sales to non-Jordanians had dropped slightly. Iraqis topped the list of non-Jordanian buyers, followed by Saudis, with German nationals in third place.