Real estate deals total 5.1 billion dinars in nine months
The real estate market in Jordan saw an improvement in activity during September, with transaction volume increasing by 7% to reach 720.5 million Jordanian dinars. Market revenue also rose by 14% to approximately 28.7 million dinars compared to the same month last year. Over the first nine months of the year, the total transaction volume amounted to around 5.1 billion dinars, representing a slight decrease of 1% compared to the same period in the previous year. Additionally, apartment sales increased by 17% during these nine months, driven by a 17% rise in non-Jordanian ownership values, which reached about 168.3 million dinars, despite a 1% decline in the number of transactions overall during the period. In September alone, the value of transactions by non-Jordanians reached 21.2 million dinars, down 11% compared to the previous month. Overall, the real estate market remains characterized by fluctuations, with increases in apartment sales and non-Jordanian ownership, while the decline in land sales and transaction numbers indicates ongoing challenges.
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