Real estate trade volume increased by 8% in May 2021

AMMAN — The real estate trade volume in the Kingdom increased by 8 per cent in May of 2021 compared with the same period of 2019 to reach JD306 million, while the volume dropped by 2 per cent in comparison with April, the Department of Land and Survey announced on Sunday. 

The department's revenues and apartment sale exemptions in May of 2021 increased by 8 per cent compared with the same month of 2019, witnessing a drop of 2 per cent when compared with April, according to the department’s monthly report, cited by the Jordan News Agency, Petra.

Apartment sale exemptions went up by 74 per cent to JD40 million in the first five months of 2021 compared with the same period of 2019. The exemptions in May jumped by 108 per cent to JD7.5 million compared with the same month of 2019.

The value of real estate sales of non-Jordanian investors during May stood at JD17.5 million, marking an increase of 12 per cent, compared with the same period of 2019, and a decrease of 27 per cent when compared with the previous month.