Jordan’s property trade has witnessed during the first half of 2016 (H1 2016), a 6% fall when it comes to the total trade and revenues from real estate sales, dropping from 2015, ME Construction News reported quoting Jordan’s official news agency.
Data from Jordan’s Lands and Survey Department revealed that the total trading volume in real estate was down by over 6% in the first half of 2016 to reach JD 3.21 billion from JD 3.41 billion in the first half of 2015, Petra Jordan News Agency reported
Revenues from property sales has also dropped in H1 2016 by 10% to JD 164.3 million, compared to JD 182.7 million in the same period of last year, the report added.
Amman had the biggest share of the country’s real estate trade at 72.3%, while the rest was shared by Jordan’s various governorates, the monthly report said. The estimated value of real estate sales to non-Jordanians also dropped slightly, where Iraqis topped the list of non-Jordanian buyers, followed by Saudis, with Germans in third place.