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Apartment, land sales see uptick

By JT | 00:09 December 30, 2019 |
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AMMAN — The volume of apartment sales increased by 40 per cent to some 8,152 deals between October 21 and December 26, the Department of Land and Survey (DLS) announced on Sunday.

The DLS spokesperson, Talal Zaben, said that the sales of land plots also increased, reaching 25,285 sales, showing an increase by 53 per cent in comparison with the same period in 2018. Zaben pointed out that the boost in sales is “directly linked” to the government's recent stimulus package intended to improve the real estate market.

He added that 31,115 sales of land parcels have been recorded since May 9, 2019, when the government decided to exempt real estate owners from registration and transfer fees, registering a 70-per cent increase in comparison with the same period in 2018, the Jordan News Agency, Petra, reported.

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