Residential apartment demand drops
The housing sector in Jordan is facing increasing pressures due to rising financing costs and the prices of building materials, coupled with the repercussions of regional circumstances. This has led to a decline in demand for residential apartments of over 30% compared to the previous year. Property transactions by non-Jordanians decreased by 11% during the first five months of 2026, with a significant drop in land sales ranging between 23% and 40%, despite an overall 26% increase in non-Jordanians' ownership value last month. Experts attribute this situation to higher loan interest rates and increased material prices, which negatively impact citizens' ability to own property. They emphasized that the current market conditions are notably affecting the movement of the real estate sector.
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