Property for sale in Jordan

Is the capital city of the Hashemite Kingdom of Jordan, a city of 2,125,400 inhabitants (2005 estimate), and the administrative capital and commercial center of Jordan. It is also the largest city in Jordan. It is the capital city of Amman Governorate. Get more information on property for sale in Amman.

Is an Arab country in Southwest Asia spanning the southern part of the Syrian Desert down to the Gulf of Aqaba. It shares borders with Syria to the north, Iraq to the north-east, Israel and the occupied Palestinian territories to the west, and Saudi Arabia to the east and south.

The property market in Jordan is booming: prices have been rising by some 20% per annum over the past year, while land has appreciated by double this amount. Jordan’s economy has been transformed in the last fifteen years. After a devastating banking and exchange rate crisis in 1993 which halved the standard of living of the average Jordanian, the economy has been turned from a state-controlled economy, with highly regulated trade, to a deregulated liberal economy with a fast growing export sector, and with a reputation as a place where business can be done. Jordan’s opening to the sea, Aqaba, is experiencing an enormous property investment boom. Amman is increasingly seen as a good place in which to invest, and Jordan is now a country which offers stability and security in an otherwise troubled region. Amman has changed greatly in the past decade – visibly by the building of first class hotels to serve the tourism industry, but also through building internationally-renounced hospitals, universities and training centres, and the holding of regional trade fairs. In addition there has been rapid growth of exports such as textiles and apparel, pharmaceuticals, and some agricultural product.

Jordan’s real estate market prices have continued to rise strongly, with prices rising about 20% over the past year, after rising 10%-30% during the previous year. Land prices have risen by 40% over the past year.

Jordan’s economic position has been transformed over the past few years. The real estate sector has led the boom, but the side-effects have rippled through the economy, inspiring consumer spending and new malls.