Ammon News - The real estate trade volume in the Kingdom went up by 11 per cent to JD3.089 billion in the first eight months of 2021, compared with the same period of 2019, the Department of Land and Survey (DLS) announced on Wednesday, Jordan News Agency Petra reported.

According to the DLS's monthly report, revenues decreased during the January-August period 2021 by 12 percent, compared to the same period in 2019, to stand nearly at JD126.4 million.

The comparison was made in 2019 due to the impact of the pandemic that affected work days in 2020, the report said.

On the monthly level, the trading volume in the Jordanian real estate market soared during August of 2021 by 41%, compared to the same month of 2019, marking an increase of 39%, compared to the previous month, to reach JD487 million, according to Petra.

The department’s revenues in August saw a decrease of 16%, compared to the same month of 2019 to reach nearly JD20 million, the report revealed.

The real estate sales in the Kingdom during the first eight months of 2021 were up by 49%, as apartment sales went up by 33%, and land sales increased by 54%, compared to the same period in 2019, according to the DLS data.