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Ammon News - The real estate trade volume in the North of Amman Land Registration Directorate amounted to JD272 million at the end of the first quarter of this year, ranking first among the kingdom's land directorates, according to data of the Department of Lands and Survey (DLS) published on Saturday.

The Amman Land Registration Directorate ranked second with JD173 million, followed by West of Amman Land Registration Directorate with JD162 million and South of Amman Land Registration Directorate with trade volume of JD149 million.

The DLS data showed that the percentage of trading volume in directorates and registration offices in Amman and the main center out of the trading volume of the first three months amounted to 74 per cent, with a total of JD1.049 billion of the total trading volume in the Kingdom until the end of March, which amounted to JD1.414 billion.

The total real estate sales in the Kingdom during the first quarter of this year amounted to 40,539 properties, an increase of 2 per cent compared to the same period in 2021, distributed over 14,342 properties in Amman, at a rate of 35 per cent, and 26,200 in the rest of governorates, at 65 per cent. Real estate sales in Amman were distributed over 6,077 apartments and 8,265,000 plots of land, while sales in the rest of the Kingdom's governorates were distributed among 3,384 apartments and 22,813 plots of land.

As for real estate sales to non-Jordanian investors, they amounted to 855 properties during the first quarter of 2022, an increase of 54 per cent compared to the same period in 2021, including 516 apartments, an increase of 30 per cent, and 339 plots of land, an increase of 117 per cent.

Iraqi investors ranked first with a total of 202 real estate sales and Saudi investors ranked second with a total of 194 real estate sales, while Syrian investors ranked third with a total of 111 real estate sales, the data indicated.