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FINANCIAL NEWS
Jordan’s property market drops by 6 percent
11 Jul 2016
(MENAFN) Trading in real estate market has declined by 6 percent in the first half of the year, reaching USD4.52bn, a drop from USD4.82bn in 2015.
Accordingly, Amman took the huge share of trading, at 72.3 percent, whereas the rest spread around the country’s various governorates.
However, revenues from property sales fell by 10 percent in the cited half to USD231.63mn, compared with USD257.57mn in the same period of 2015.
Moreover, the estimated value of real estate sales to non-Jordanians had dropped, amounting to 184.8 percent, with Iraqis topping the list.
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