Al-Makhamrah: Some people invested in real estate to safeguard their funds against severe inflation

Al-Anbat-Saba’ Alsukkar

Translated by:Mays Alshawabkeh

According to the Kingdom's real estate market, the amount of trading in real estate during the 2022 year increased by 17% compared to 2021, reaching approximately 5 billion and 850 million dinars, while the same year's revenue increased by approximately 29%, reaching 270 million and a half million dinars. The value of apartment exemptions decreased by 5%, reaching 111 million and 800 thousand dinars compared to 2021; they totaled about 382 million and 222,000, up by about 1 

Wajdy Al-Makhamrah asserts that a number of significant factors will increase investment in the real estate industry in 2022, which will increase trade volume in the real estate market; It shows that many Jordanians living abroad and people of Arab descent have bought homes under the tendency to adopt Jordan as a second country that they can use for residence and occasional vacations. This high liquidity after the coronavirus pandemic has been used for investing and buying real estate and apartments for housing. 

Some people used real estate investment to hedge against high inflation and diversify their portfolios across a range of investments, including real estate investment. The government's reduction of registration fees for apartments and land by 50% over the previous year also played a role in the rise in real estate investment. 

In comparison to 2021, the anticipated value of non-Jordanian sales during the past year climbed by 18%, or around 303 million dinars. Non-Jordanian sales also increased by 11%, by apartments by 9%, and by land by 15%.