Apartment Sales Surge 12% After Govt. Action

jordan’s Real Estate Boom: Analyzing the Impact of Government Incentives

jordan’s real estate market is experiencing a notable upswing, driven by strategic government initiatives aimed at stimulating growth. A key catalyst has been the cabinet’s decision to grant a 50% exemption on registration fees for residential apartments exceeding 150 square meters. This move,coupled with other incentives,has sparked increased activity and optimism within the sector. How will these policies shape the future of real estate in jordan?

surging Real Estate Trading Volume

The total real estate trading volume in jordan reached approximately jd6.7 billion in 2024, signaling robust market activity.Experts anticipate further growth, fueled by ongoing government support and increasing investor confidence. This surge reflects not only domestic interest but also growing international investment in jordanian properties.

did you know? real estate contributes approximately 15% to jordan’s gdp,making it a critical sector for economic stability and growth.

digital Change in Land Management

the department of lands and survey is spearheading a digital transformation by launching over 22 new electronic services. This initiative aims to fully automate all services by the end of 2025, streamlining processes and enhancing efficiency.The move is expected to reduce bureaucratic hurdles and attract more investors by simplifying property transactions.

reduced In-Person Visits: A Sign of Progress

the department has reported a 70% decrease in in-person visits,especially for issuing title deeds (qushan) and land maps. This “significant” leap indicates the success of digital streamlining and the increasing adoption of online services by citizens and investors. This shift not only saves time but also reduces operational costs and enhances transparency.

pro tip: leverage online portals to track property values and market trends in real-time. This can help you make informed investment decisions and maximize returns.

government Incentives Driving Growth

the cabinet’s decision in november 2024 to exempt apartments over 150 square meters from 50% of registration fees has been a game-changer. This complements a previous decision granting a 100% registration fee exemption for apartments under 150 square meters for first-time buyers. Additionally, the government approved a 50% exemption from property tax (musaqqafat fees) for three years for first-time buyers taking housing loans.

market Performance: Key Metrics

as of the end of april, the total real estate trading volume in the kingdom reached jd2.047 billion, a 4% increase compared with the same period in 2024. The trading volume for april alone amounted to around jd555 million. Revenues during the first third of this year rose by 11% compared with the same period last year, reaching approximately jd84.5 million.

future Trends: What to Expect

several trends are expected to shape jordan’s real estate market in the coming years:

• increased Demand for Sustainable Housing: growing awareness of environmental issues will drive demand for eco-friendly properties.
• rise of Smart Homes: integration of technology will enhance the appeal and value of residential properties.
• growth in Affordable Housing Projects: government and private sector collaborations will address the housing needs of middle and lower-income families.
• expansion of Mixed-Use Developments: combining residential, commercial, and recreational spaces will create vibrant communities.

impact of Economic Policies

the government’s pro-growth policies are crucial to sustaining the real estate boom. These include streamlined regulations, investment incentives, and infrastructure development projects. The success of these policies will determine the long-term health and stability of the market.

how can jordan ensure sustainable growth in its real estate sector? what role do international investors play in shaping the market’s future?

comparative Analysis of Real Estate Incentives

incentive Type	description	impact
registration Fee Exemption (over 150 sqm)	50% exemption on registration fees	stimulates sales of larger apartments,attracts high-end buyers
registration Fee Exemption (under 150 sqm)	100% exemption for first-time buyers	encourages first-time homeownership,boosts demand for smaller units
property Tax Exemption	50% exemption for three years for first-time buyers	eases financial burden on new homeowners,promotes affordability

faq section

what is the current state of the real estate market in jordan?

the real estate market in jordan is experiencing growth,driven by government incentives and digital transformation initiatives. trading volumes and revenues have increased,indicating positive market performance.

what are the key government incentives for real estate buyers?

key incentives include a 50% exemption on registration fees for apartments over 150 square meters, a 100% exemption for apartments under 150 square meters for first-time buyers, and a 50% property tax exemption for three years for first-time buyers.

how is the department of lands and survey improving its services?

the department is implementing a digital transformation plan, launching over 22 new electronic services to fully automate processes by the end of 2025. this includes online issuance of title deeds and land maps.

what future trends are expected in jordan’s real estate market?

future trends include increased demand for sustainable housing, the rise of smart homes, growth in affordable housing projects, and the expansion of mixed-use developments.