Property in Jordan increased by 14% per year

Prices for apartments in Jordan increased by 14% year on year, while rental rates have remained unchanged.These data are given in the report of the company Asteco. It is reported portal Trade Arabia.

Despite the fact that rental rates in Jordan have not changed significantly in the fourth quarter of 2013, prices for apartments shot up by 8% in the last quarter of 2013, and in some regions of the country, they have jumped the last 12 months by 14%.

A stable economy and calm the political atmosphere in Jordan led to an increase in housing prices. John Stevens, Managing Director of Asteco Property Management, said: “Housing prices in the past year in areas such as Al-Rabia (up 24%), Sveyfieh (19%), Der envelope (14%) and mind Otnaynah (13 %) increased mainly due to demand for themselves the Jordanians. “

“Investors generally prefer studio apartments with good potential for letting. And those who want to live for yourself, choose a more spacious apartments ranging from 250 to 300 square meters “, – he added.

“Buying apartments in Sveyfieh will cost you an average of $ 1650 per square meter, an increase of 19% over the previous year, while the rent of two-bedroom apartments in the same area will cost only 2% more than in previous year “, – the report says.

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