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Real estate transaction down 10% in Feb

Real estate transaction down 10% in Feb
Photo Credit: Arabianeye-Reuters


Amman-Mubasher: Real estate transactions in Jordan dropped by 10.3% to JOD 532 million in February 2015, compared to JOD 593 million in the same period of 2014.

The revenues of Jordan's Land and Survey Department (DLS) fell 12% to JOD 28 million during the period, Petra highlighted, adding that the value of apartment exemptions amounted to JOD 5.8 million.

Moreover, the number of real estate transactions declined by 15% to 6934 in February 2015, compared to figures from the same period of 2014.

Real estate transactions declined by 14% to JOD 985 million in the first two months of 2015, compared to JOD 1.149 billion in the same period of 2014.