Real estate trade volume up by 6% in first 7 months of 2021

AMMAN — The real estate trade volume in the Kingdom increased by 6 per cent to JD2.602 billion in the first seven months of 2021 compared with the same period of 2019, the Department of Land and Survey announced on Wednesday.

According to the department’s monthly report, cited by the Jordan News Agency, Petra, the department’s revenues in the first seven months of 2021 declined by 16 per cent to JD106.5 million compared with the January to July period of 2019.

The comparison was made in 2019 due to the impact of the pandemic that affected work days in 2020, the Jordan News Agency, Petra, reported. 

The real estate trade volume in July stood at JD351 million, down by 16 per cent compared with the same month of 2019.

The department’s revenues in July 2020 dropped 33 per cent to JD14.3 million compared with the same month in 2019. 

The real estate sales in the first seven months of 2020 increased by 45 per cent, while apartment sales increased 30 per cent and land sales increased 50 per cent, compared with the same period of 2019.