Complex Made Simple

Real estate assets price index in Jordan edges up 2.2 per cent

Residential sector index stood at 111.6 points compared with 109.6 points in previous quarter

Jordan’s real estate assets price index rose by 2.2 per cent in the third quarter of this year to 120.8 points compared with 118.1 points in the previous quarter.

According to data from the Central Bank of Jordan, while the index rose in residential real estate activity and the sale of lands, the non-residential activity remained in its place for the periods of comparison, reports Jordan-based Alghad Newspaper.

The residential sector index stood at 111.6 points compared with 109.6 points for the periods of comparison, especially in villas and apartments, against a decline in real estate activity for independent houses.

In the area of non-residential real estate activity, the real estate assets price index stood at 100.4 points for the third quarter of this year compared with 100.3 points the previous quarter.

According to the data, the industrial real estate activity has witnessed a remarkable growth to 105.1 points from 95.1 points, while commercial real estate activity remained in its place and other residential real estate activities recorded a significant decline.