Jordan apartment prices rise on land values, high fees
- Jordan: Tuesday, October 09 - 2012 at 03:54
Jordan's Housing Investors Society (HIS) has said rising land values in the capital city, Amman, as well as government policies are driving up the prices of residential properties, Jordan Times has reported. The government's decision early this year to freeze incentives for buyers of medium-sized apartments has pushed up the cost of purchasing residential properties, said Kamal Awamleh, president of the HIS, adding that taxes and customs fees on imported construction materials are also to blame. Currently, buyers of apartments sized 150 sq m or less do not pay registration fees for the first 120 sq m. "Buying an apartment has become harder for the majority of Jordanians because of expensive prices and authorities should be aware of that," Awamleh noted, warning of a wave of illegal housing construction in the capital if rising prices continue.
- Qatar Airways orders Boeing 777s at Paris Air Show
- Pratt & Whitney expects 'substantial' increase...
- Boeing to launch larger Dreamliner
- Falconcity appoints Eng. Adnan Saffarini Office...
- Sammy Tuffaha underscores importance of...
- Russo's New York Pizzeria announces strategic...
The information comprised in this section is not, nor is it held out to be, a solicitation of any person to take any form of investment decision. The content of the AMEinfo.com Web site does not constitute advice or a recommendation by Mediaquest FZ LLC and should not be relied upon in making (or refraining from making) any decision relating to investments or any other matter. You should consult your own independent financial adviser and obtain professional advice before exercising any investment decisions or choices based on information featured in this AMEinfo.com Web site.
Mediaquest FZ LLC can not be held liable or responsible in any way for any opinions, suggestions, recommendations or comments made by any of the contributors to the various columns on the AMEinfo.com Web site nor do opinions of contributors necessarily reflect those of Mediaquest FZ LLC.
In no event shall Mediaquest FZ LLC be liable for any damages whatsoever, including, without limitation, direct, special, indirect, consequential, or incidental damages, or damages for lost profits, loss of revenue, or loss of use, arising out of or related to the AMEinfo.com Web site or the information contained in it, whether such damages arise in contract, negligence, tort, under statute, in equity, at law or otherwise.