Tuesday, 02 January 2024 12:17 GMT

Property Market Turnover Falls 1.8% To JD5.712B In 10 Months


Date:

(MENAFN- Jordan News Agency)

Amman, Nov. 10 (Petra) -- Property market turnover totaled approximately JD5.712 billion in the first 10 months of 2026, down 1.8 percent from JD5.819 billion during the same period last year, according to Department of Lands and Survey data. The decline amounted to approximately JD106.6 million.

Turnover in October reached about JD601.8 million, down 5.2 percent from JD634.5 million in the same month of 2025.

The department's revenue rose 4.3 percent during the first 10 months to approximately JD234.3 million, compared with JD224.5 million a year earlier, an increase of JD9.8 million.

A total of 118,235 properties were sold across Jordan through the end of October, including 12,768 during that month. Of the total, 9,123 properties were sold to companies.

Non-Jordanians completed 1,952 property ownership transactions during the same period, with an estimated value of JD186.6 million. These included 216 transactions worth JD18.3 million in October.

The figures showed mixed market performance, with revenue increasing despite a modest decline in turnover, alongside continued buying, selling, and domestic and foreign investment in the sector.

//Petra// AO

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Jordan News Agency

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