Jordan's real estate sales volume increased by 34% in first 4 months of 2021

Land sales rose by 39% compared with the same period of 2019

  
Image used for illustrative purpose. High Angle View Of City Lit Up Against Blue Sky Photo Taken In Amman, Jordan.

Image used for illustrative purpose. High Angle View Of City Lit Up Against Blue Sky Photo Taken In Amman, Jordan.

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AMMAN — The real estate sales volume in the Kingdom went up by 34 per cent in the first third of 2021, as apartment sales increased by 19 per cent and land sales rose by 39 per cent compared with the same period of 2019, the Department of Land and Survey announced on Wednesday.

According to the department’s monthly report, cited by the Jordan News Agency, Petra, the value of apartment exemptions in the first four months of 2021 increased by 68 per cent, compared with the same period of 2019, to JD32.4 million.

The department said that it made comparisons between 2021 and 2019 due to the fact that workdays of April 2020 were not completed due to the lockdown and the epidemiological situation that necessitated a comprehensive closure.

Meanwhile, the real estate trade volume in the first third of the year dropped by 9 per cent compared with the same period of 2019, amounting to JD1.34 billion, and the trade volume in April 2021 alone went down by 21 per cent compared with the same month of 2019 to JD311 million.

The value of revenues in the January-April period of 2021 also witnessed a decline of 28 per cent to JD55.26 million compared with the same period of 2019, while revenues in April 2021 alone decreased by 39 per cent compared with April 2019 and by 12 per cent compared with March 2021 to JD12.65 million.

Estimated value of sales for non-Jordanians in April 2021 went down by 44 per cent compared with the same month of 2019 and by 23 per cent compared with March 2021 to JD13.7 million.

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