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Jordan apartment prices drop 10%
- Jordan: Wednesday, January 07 - 2009 at 12:57
Prices of apartments in Jordan fell by 10% in the last quarter of 2008 due to a decline in construction costs and land prices, the Jordan Times reported, citing the President of the Housing Investors Society. Demand last year was below forecasts because of declining purchasing power which forced many construction companies to cut down on their activities, the Amman-based newspaper cited Zuhair Omari as saying.
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Jeff Florian, Senior ReporterWednesday, January 07 - 2009 at 12:57 UAE local time (GMT+4)
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