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Real estate trading grows 26% in Jordan

According to figures by Jordan's Department of Lands and Survey (DLS), trading in the real estate market in 2010 rose to JD5.97bn from the JD4.74bn recorded in 2009, Jordan Times has reported. However, despite the 26% increase, DLS revenues fell to JD239.8m last year from JD270m registered in 2009, a drop the department attributed to registration fee exemptions the government granted to buyers of residential apartments, which have totalled over JD150m since the government put the decision into effect in May 2009. As the exemption decision expired at the end of 2010, the government decided earlier this week to extend it for three months until March 31.