Data show high activity in sale of apartments

AMMAN — Apartment sales increased since the beginning of 2016 in terms of number of transactions and areas, the Department of Land and Survey (DLS) said on Sunday. Sale transactions in the Kingdom in the first two months of this year increased by 9.3 per cent to 5,279 compared to 4,831 in the same period of 2014, according to the DLS.

Data also showed that sales of apartments less than 120 square metres increased by 9 per cent to 1,885 transactions by the end of February compared to 1,729 ones in the same period of 2014.

Also by the end of February, sales of 120 — 150 square metre apartments increased by 10 per cent, reaching 2,036 transactions compared to 1,856 ones in the same period of 2014. Sale transactions for apartments of more than 150 square metres totalled to 1,358 in February, compared to 1,246 at the end of the same month in 2014.

A total of 728,000 square metres of apartments were sold in January and February, registering an 18 per cent increase compared to 618,000 square metres sold in the same period in 2014.