Real estate trading up 16 percent and revenues 14 percent during September
Amman4 min read
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Indicators from the Department of Lands and Survey showed an improvement in real estate market activity during September, as the trading volume rose by 16% year-on-year to reach approximately 720.5 million dinars, and by 7% compared to August, while revenues increased by 14% to reach approximately 28.7 million dinars. The trading volume during the first nine months reached approximately 5.1 billion dinars, a decrease of 1% from the same period in 2025.
Financial and economic expert Dr. Mohammad Al-Hadab Al-Sarhan confirmed that the rise in trading during September represents a clear signal of improved activity in recent months, but it does not yet mean the market has entered a sustainable recovery path. He explained that the cumulative decline was around 4% until the end of July, before shrinking to 1% by the end of September, meaning that the performance of August and September compensated for a significant part of the weakness that appeared at the beginning of the year.
Al-Sarhan indicated that evaluating market strength requires looking at the number of transactions alongside the trading value, as real estate sales activity during the first nine months is still about 7% lower than last year, with apartment sales declining by 3% and land by 8%, while apartment sales rose by 17% and land by 2% in September, reflecting an improvement in activity, despite the number of sales not regaining its full momentum.
He pointed out that the 17% increase in the value of real estate owned by non-Jordanians to about 168.3 million dinars during the first nine months represents a positive indicator of the continued attractiveness of Jordanian real estate to foreign capital.
Al-Sarhan explained that the reflection of activity on the citizen is not measured by the rise in trading alone, but by their ability to purchase a home that suits their income and obtain affordable financing, emphasizing the importance of expanding the ownership base, especially among youth and families buying their first home.
He noted that the 10.7% increase in licensed building areas for residential purposes during the first seven months gives a signal of a potential increase in supply in the future, but the most important thing is to direct a larger portion of it towards apartments with sizes and prices that suit the purchasing power of families, instead of concentrating it in price segments with limited demand.
Al-Sarhan said that the most prominent challenges are the cost of real estate financing, the down payment, land and construction costs, and the disparity between the units offered and the families' ability to purchase them. He called for providing longer-term financing for the first home, partial loan guarantee programs, encouraging developers to build smaller and more efficient units, accelerating the delivery of infrastructure, and simplifying procedures, in addition to attracting Arab and foreign investment for quality real estate projects without it being a substitute for addressing local housing needs.
Al-Sarhan added that ensuring the continued improvement of the market requires monitoring its performance over the coming months, especially the continued growth of apartment sales and trading in conjunction with residential licenses and new investment, noting the sector's connection to construction, building materials, banks, transport, services, and dozens of professions.
Economic expert Hashem Aqel said that September's indicators reflect a recovery and relative stability in real estate activity, explaining that the 16% rise in trading value against a growth in the number of sales operations by about 6% indicates an increase in the value of a single transaction, as a result of rising construction costs and prices, and a change in the sales structure, with part of the purchasing concentrated in areas with high estimated values, in addition to corporate activity, as more than 8,000 properties were sold to companies during the first nine months.
Aqel pointed out that the 17% growth in apartment sales reflects improved residential demand, driven by population growth and family expansion, which maintains the need for small and medium-sized units.
He indicated that the real estate sector is a driver for more than 30 sub-sectors, as apartment sales stimulate development companies to launch new projects, which activates construction and finishing, while residential loans and facilities could support activity with interest rates trending downward.
Aqel also explained that lower interest rates and the modernization of procedures and automation at the Department of Lands and Survey may support future activity, while the decline in land trading may limit urban expansion outside major centers.
He emphasized that the purchasing power of the middle class remains a major challenge to sustainable growth, which calls for expanding economic and medium-income housing projects and achieving greater alignment between price levels and income.
