Jordan

Property for sale in Jordan

Jordan is an Arab country on the eastern bank of the Jordan River and it is characterized by ancient monuments, nature reserves and resorts overlooking the sea. Here there are the famous archaeological site of Petra, the Nabatean capital dating back to 300 BC. approximately, which rises within a narrow valley characterized by tombs, temples and monuments carved into the pink sandstone walls. It is for this reason that Petra has earned the nickname of "pink city".

Jordan is bordered by Saudi Arabia to the south, Iraq to the north-east, Syria to the north, Israel and Palestine to the west. The capital is Amman. It is Jordan's most populous city as well as the country's economic, political and cultural centre.

Construction is traditionally one of the leading sectors of the Jordanian economy, both because of the strategic position of the Kingdom as a regional hub, in fact there are many international companies that have their headquarters in Amman, both in consideration of the development of war events in the neighbours countries, which caused the influx of huge capital and the need to create

housing for the many new residents coming from Syria and Iraq. The value of real estate transactions in 2017 is in line with the previous year, when it had reached 7,000 million Jordanian dinars. Particularly noteworthy are the development, residential and tourism projects in the area of Aqaba ("Ayla Oasis", "Saraya Aqaba Project" and "Marsa Zayed") and the construction of the largest tourist-hotel complex in the Dead Sea region. , the "Porto Dead Sea", worth almost a billion Euros.

In February, Jordan approved a citizenship program for investment and additional provisions for the granting of residence to buyers of property for sale in Jordan above $ 282,000. Although Jordanian citizenship or residence will be granted to 500 candidates a year, the government hopes that the new investment program will stimulate the inflow of foreign capital. In April, the Jordan Investment Commission had also received 52 applications, 34 of which met all the requirements and were awaiting approval.

The economic success of Jordan is modest compared to its Middle Eastern neighbours. The scarcity of water, oil and other resources means that the country has a strong dependence on foreign aid mainly from the United States.

Tourism is one of the most important economic sectors of the Kingdom: according to the Department of Statistics, it represents 10% of the country's GDP. According to official data, in 2017 Jordan recorded 1.1 million international tourist arrivals. So to evaluate well buying a property for sale in Jordan at the moment could be a good investment for the future.

Non-residents play a significant role in another sector of the Jordanian economy, the local real estate market. According to the Department of Lands and Survey, foreign citizens have bought 2,060 property for sale in Jordan and 715 land in 2017. According to Arab Weekly, the main foreign investors include the Iraqis, Syrians and Arabs.

According to estimates by Jordanian realtors, the prices of property for sale in Jordan are out of reach of the local population for this attract many foreign investors.