The volume of real estate sales in the Jordanian market during the first quarter of this year increased by 37% compared to the same period last year, to 1.41 billion dinars (1.9 billion dollars).
According to the (government) Department of Land and Survey, government revenues from real estate sales amounted to 63.1 million dinars ($88.9 million), an increase of 48 percent compared to 2019.
The figures for the year 2020 are not included in the comparison period due to the consequences that the Corona pandemic has had on real estate sales in the Jordanian market.
The report showed an increase in the estimated value of real estate sales to non-Jordanians during the first quarter of this year, by 58 percent to 76.5 million dinars (107.8 million dollars).
The government decided last month to reduce the property sale fee by 2%, and the property sale tax by 1%, bringing the percentage in total to 6%, in order to stimulate the real estate and housing market in Jordan.
Source (Al-Dustour Jordanian Newspaper, Edited)
