Real estate trading up 8pct in 2021

[09-01-2022 03:53 PM]

Ammon News - Jordan's real estate trade volume inched up by 8 percent in 2021, reaching JD5.021 billion compared to the figures reported in 2019.

The Department of Land and Survey (DLS) revealed on Sunday that the state's revenue from the real estate market stood at JD210.3 million in 2021, a 9-percent drop from 2019.

The DLS said it benchmarked the 2021 figures to those reported in 2019 because 2020 saw multiple lockdowns and closures.

On a monthly level, the trade volume in the Jordanian real estate market decreased in December of 2021 by 13 percent, amounting to JD569 million compared to the same month of 2019. Meanwhile, revenue in the same month of 2021 recorded a 14-percent drop, reaching JD25.2 million compared to the same month of 2019.

Overall real estate sales in the Kingdom picked up by 32 percent, as apartment sales rose by 21 percent, while land sales went up by 36 percent compared to 2019.

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