Real estate trade volume drops 24% in first two months of 2019

AMMAN — Trade volume in the Kingdom’s real estate market during the first two months of 2019 dropped by 24 per cent to JD695 million, compared with JD914 million in the same period last year, the Department of Land and Survey (DLS) announced on Wednesday.

Northern Amman registration office ranked first in the Kingdom with JD122 million in trade volume, followed by the Amman registration office with JD102 million and southern Amman registration office with JD68 million, the Jordan News Agency, Petra, reported, citing the monthly report of DLS.

Trade volume at the Amman offices and the DLS headquarters amounted to 68 per cent of the Kingdom’s total trade volume. Revenues of the DLS in the first two months of the year stood at JD36.4 million, marking a 23 per cent drop, while the value of apartment exemptions amounted to some JD9 million.