Real Estate Market Down 0.8%, Land Value Up 1.1%

Prince Index Down 3.2% for Residential Property, Up 6.6% for Industrial Properties

تم نشره في Wed 3 May / May 2017. 12:00 AM
  • Residential buildings in Amman - (AlGhad)

AMMAN —AlGhad— The overall price value index of the Jordanian real estate market, according to data by the Central Bank (CBJ), has decreased by 0.8 per cent, on average, over the duration of the first three months (Q1) of the current year, 2017, to 119.6 points, compared to 120.6 points in Q1-2016.

The price median for land in general, on the other hand, commercial, residential, industrial, and other, has overall gone up 1.1 per cent in Q1-2017, to 128.5 points.

Meanwhile, the median price index for residential apartments, has dropped 3.2 per cent to 110.4 points, from 114.1 points over the same duration last year.

Commercial Real Estate in Q1-2017 as well has dropped by 13.7 per cent from Q1-2016’s 1148.4 points to 102.1 points by end of March, 2017.

The price index for industrial property, however, have increased by 6.6 per cent, to 102.5 points, compared to 96.1 in Q1-2016.