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Ammon News - The trading volume of real estate in Jordan has dropped by 3% since the start of this year.

*The total real estate trading volume in Jordan over the last month is 632 million dinars.

The revenue of the Department of Lands and Survey in the first ten months of this year stands at 217 million dinars.

Ammon - The total value of real estate transactions in Jordan for the first ten months of this year reached 5.719 billion dinars, showing a 3% decline compared to the corresponding period last year.

As per the monthly report from the Department of Lands and Survey, the total real estate transactions in Jordan for last October reached 632 million dinars, showing a 1% rise compared to the same month the previous year, although it fell by 1% relative to last September.

The income of the Department of Lands and Survey in the first ten months of this year reached 217 million dinars, reflecting a decline of 2% in comparison to the same timeframe last year.

The North Amman Land Registration Directorate took the top spot with revenues of 32.9 million dinars, while the Amman Land Registration Directorate secured second place with revenues of 28 million dinars, and the South Amman Land Registration Directorate followed in third place with revenues of 27 million dinars.

The revenue value dropped by 1% last month compared to the same month last year and by 6% from the prior month, totaling 24 million dinars.

The total ownership transactions for non-Jordanians rose by 6% in the first ten months of this year, as apartment sales fell by 3%, whereas land sales grew by 20% compared to the same timeframe last year.

Last month, ownership transaction contracts for non-Jordanians fell by 7% compared to the same month last year, but rose by 21% from the previous month. In contrast, apartment sales dropped by 12% year-over-year, while increasing by 16% from the preceding month.

Land sales rose by 1% in comparison to the same month last year, and by 29% compared to the prior month, while the projected value of transactions involving non-Jordanian ownership grew by 4% during the first ten months of this year versus the same timeframe last year, totaling 180 million dinars.

The projected value of non-Jordanian ownership transactions rose in October by 14% from the same month a year ago, and by 10% from the prior month, totaling 23 million dinars.

In Jordan, real estate sales dropped by 5% in the first ten months of this year, with apartment sales rising by 1%, whereas land sales fell by 6% when compared to the same timeframe last year.

In October, real estate sales in Jordan rose by 1% year-over-year and by 9% month-over-month. Sales of apartments rose by 9% over the last year and by 10% in comparison to the month before. Land sales fell by 1% from the same month last year, but rose by 9% in comparison to the prior month.