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الوقائع الإخبارية
Jordan Real Estate Law Reforms Boost Investment
The Ministry of Political and Parliamentary Affairs in Jordan announced amendments to the Real Estate Law aimed at simplifying procedures and improving the real estate investment environment. The modifications include adopting electronic means for buying and selling transactions, establishing a new regulatory unit to study the real estate market and provide periodic reports, thereby enhancing data transparency and assisting investors in making informed decisions. Additionally, procedures for removing joint ownership have been simplified to facilitate real estate development projects, while ensuring the protection of property owners' rights. The government has also set specific deadlines for the payment of expropriation dues along with late payment interest. These amendments aim to create a well-organized and transparent real estate environment that supports economic growth and encourages investment in Jordan’s real estate sector.
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