Real estate sales in Jordan increased during 2022, by 17% compared to 2021, to exceed 5.8 billion dinars ($8.2 billion), according to a statement by the Department of Lands and Surveys issued today, Wednesday.
The sales volume reached 5 billion dinars in 2021.
According to the statement, government revenues from real estate sales amounted to 270.4 million dinars ($381.2 million), an increase of 28.3% year-on-year.
The demand for real estate purchase in Jordan increased during 2022, with the return of recovery from the consequences of Corona.
The statement indicated that the value of real estate sales to non-Jordanians increased last year by 18%, to reach 302.9 million dinars ($427 million).
The official figures state that:
Iraqis topped the list of foreign buyers, with investments amounting to 119 million dinars.
Followed by the Saudis with investments of 62 million dinars.
The Syrians came in third place with investments amounting to 22.6 million dinars.
Last year, the Jordanian government approved a bill amending the real estate sale tax for the year 2022, which aims to stimulate investment in the real estate and housing sector and increase the volume of trading in this sector.
The amendment included reducing the real estate sale tax rate to 3% instead of 4%, in addition to enabling the Department of Lands and Survey to refund the real estate sale tax collected for incomplete transactions, in order to avoid judicial claims for its refund.