Complex Made Simple

Jordanian expats drive kingdom’s property sector

According to data by Jordan's Department of Land and Survey (DLS), Jordanians paid more than JD350m to buy residential apartments in different parts of the kingdom, Jordan Times has reported. The majority of the transactions were made by Jordanian expatriates visiting the country for the summer holiday. A total of 19,757 apartments were sold in the first eight months of 2013, of which 5,243 were sold during July and August, the figures showed. The DLS monthly report showed that trading in the kingdom's real estate sector during the January-August period reached JD4.17bn, 20% higher than it was in the same period of last year, when trading stood at JD3.48bn.