Ammon News - The Kingdom's real estate trade picked up by 23 percent to JD4.875 billion in 2022's January-October period, in comparison to figures reported in the same period of 2021.

The Department of Land and Survey (DLS) revealed on Monday that the state's revenue from the real estate market stood at JD244 million by the end of last October, a 37-percent increase from the figure reported in 2021.

Overall real estate sales in the Kingdom dropped by 7 percent during the same period of 2022, as apartment sales also declined by 3 percent, while land sales decreased by 9 percent compared to 2021.

On a monthly level, the trade volume in the Jordanian real estate market went up in October of 2022 by 21 percent, amounting to JD522 million compared to the same month of 2021. Meanwhile, revenue in the same month of 2022 recorded a 35-percent rise, reaching JD24.8 million compared to the same month of 2021.