Real estate trading rises 18% during January-July period of this year

AMMAN — The Department of Land and Survey (DLS) announced on Monday that  real estate trading was higher by 18 per cent during the January-July period of this year. According to the DLS data, turnover amounted to JD4.3 billion during the first seven months of this year compared to JD3.7 billion during the same period of last year. Revenues also increased to JD236 million this year, 15 per cent higher than the amount collected during January-July 2013. Purchases by non-Jordanian investors stood at 2,990 transactions during the first seven months of 2014, a 19 per cent  increase over the same period of last year. Iraqis topped the list of non-Jordanian investors (1,259 purchases) followed by Saudis (431), Kuwaitis (316) and Syrians (289). The market value of Iraqi purchases amounted to JD168.6 million, representing 58 per cent of the total amount paid by non-Jordanians.