Real estate trading rises 6% during first two months of 2016

AMMAN — Real estate trading in the Kingdom increased by 6 per cent during the first two months of 2016 to JD1.1 billion, compared to JD985 million in the same period of 2015, the Department of Land and Survey (DLS) announced on Saturday.

The department’s revenues until the end of February this year reached JD53.1 million, 3 per cent higher than the JD51.5 million the DLS received in the same period of last year. DLS data showed that apartment exemptions in the first two months of 2016 went up by 20 per cent reaching JD13.4 million, compared to JD11.1 million in the same period of 2015. Iraqis came first in the number of purchases by non-Jordanians with 223 transactions, whose total value amounted to JD19.1 million; followed by Saudis with 109 real estates, JD6.7 million.