Real estate trade volume up by 11% in first 10 months 2021

AMMAN — The real estate trade volume in the Kingdom increased by 11 per cent to JD3.957 billion in the first 10 months of 2021 compared with the same period of 2019, the Department of Land and Survey announced on Thursday.

According to the department’s monthly report, cited by the Jordan News Agency, Petra, the department’s revenues in the first 10 months of 2021 declined by 12 per cent to JD163.3 million compared with the January-October period of 2019.

The comparison was made in 2019 due to the impact of the pandemic that affected work days in 2020. 

The real estate trade volume in October stood at JD433 million, up by 9 per cent compared with the same month of 2019, and was down by 5 per cent compared with September 2021.

The department’s revenues in October 2021 dropped 11 per cent to JD18.3 million compared with the same month in 2019, marking a 1 per cent decrease compared with September 2021. 

The real estate sales in the first 10 months of 2021 increased by 44 per cent, while apartment sales increased 29 per cent and land sales increased 49 per cent, compared with the same period of 2019.