Trade volume in the Kingdom's real estate market dropped 28% in the first 11 months of 2020, standing at JD2.87 billion, compared to the same period in 2019, announced the Department of Lands and Survey (DLS).

The Kingdom’s real estate report, issued by the DLS on Sunday, showed that trading during the first 11 months of 2020 dropped by 9% compared to the same period in 2019, while trading in November went down by 21% compared to the same month last year.

The trading volume in November also declined by 23%, reaching JD308 million compared to the same month last year.

The value of revenues decreased by 42% in the first 11 months of 2020, reaching JD116 million, compared to the same period in 2019, while the value of last month's revenues decreased by 20% to reach JD13 million, compared with the same period of 2019.

Trade volume in the Kingdom's real estate market dropped 28% in the first 11 months of 2020, standing at JD2.87 billion, compared to the same period in 2019, announced the Department of Lands and Survey (DLS).

The Kingdom’s real estate report, issued by the DLS on Sunday, showed that trading during the first 11 months of 2020 dropped by 9% compared to the same period in 2019, while trading in November went down by 21% compared to the same month last year.

The trading volume in November also declined by 23%, reaching JD308 million compared to the same month last year.

The value of revenues decreased by 42% in the first 11 months of 2020, reaching JD116 million, compared to the same period in 2019, while the value of last month's revenues decreased by 20% to reach JD13 million, compared with the same period of 2019.