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Jordan’s real estate transactions up 21 per cent
AMMAN - The volume of real estate transactions in Jordan grew by 21 per cent in the first four months of the year, to 1.88 billion Jordanian dinars (2.6 billion dollars) from 1.55 billion dinars in the same period of 2006, the state-run Land and Survey Department said on Thursday.
Iraqis, Kuwaitis and Saudis topped the list of purchasers of Jordanian land and houses, the department added.
According to chairman of the Real Estate Investments Association, Zuhair Al Omari, the demand for Jordanian real estate by Arab nationals and businessmen grew dramatically over the past couple of years “thanks to the country’s safe investment climate.”
He said the rapidly growing demand for Jordanian real estate found backing from the large number of Iraqis seeking refuge in the Hashemite Kingdom and the huge surplus petrodollars that were seeking investment outlets.
Al-Omari expected the volume of real estate investments in Jordan to reach 7 billion dinars in 2007.
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