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AMMAN –– Experts and economists agreed on Wednesday that the outlook for Jordan’s real estate sector is still promising.They explained that the property market in Jordan enjoys a supply-demand balance, unlike the real estate market in the Gulf region, which was given a negative outlook by Moody’s Ratings Agency due to oversupply of housing units and tight credit conditions.Zuhair Omari, the president of the Housing Investors Society (HIS), said that demand on apartments is expected to grow in the coming months because people realised that prices of residential units are stable and are not going...
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AMMAN (JT) –– Trading in the real estate market in 2010 increased to JD5.97 billion from the JD4.74 billion recorded in 2009, official figures showed Tuesday.According to figures released by the Department of Lands and Survey (DLS), the number of residential apartments sold last year reached 23,721 units compared with 20,513 apartments sold in the previous year, while land transactions witnessed a significant rise from 55,260 in 2009 to 65,714 transactions in 2010.However, despite the 26 per cent increase in trading, DLS revenues fell to JD239.8 million last year from JD270 million registered...
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AMMAN –– Experts and economists agreed on Wednesday that the outlook for Jordan’s real estate sector is still promising.They explained that the property market in Jordan enjoys a supply-demand balance, unlike the real estate market in the Gulf region, which was given a negative outlook by Moody’s Ratings Agency due to oversupply of housing units and tight credit conditions.Zuhair Omari, the president of the Housing Investors Society (HIS), said that demand on apartments is expected to grow in the coming months because people realised that prices of residential units are stable and are not going...
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