2023 Jordan summer housing demand dropped 25% due to higher interest rates, slowing down land developer sales.
Local housing demand in Jordan's summer season has dropped 25% compared to 2023, primarily due to higher interest rates. This decline in demand has resulted in slower sales for land developers, despite summer typically being a peak period for the industry. The trading volume in the local real estate market reached JD6,961 billion in 2023, as reported by the Department of Land and Survey.
July 08, 2024
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