THE REAL ESTATE MARKET IN THE JORDANIAN ECONOMY

Nawaf Saleh Al-Fayez

INTERNATIONAL SCIENTIFIC AND PRACTICAL CONFERENCE "CONSTRUCTION ENTREPRENEURSHIP AND REAL PROPERTY", 2019, issue 1, 211-219

Abstract: This paper attempts to analyze the properties and dynamics of the real estate market in the Jordanian economy, seeking to recognize the outcomes of state regulation on its development. The study suggests that property market is heavily influenced by population growth and foreign demand by neighboring countries. The most dynamic in its development are the low- and medium-sized apartment segments due to the strong immigrant flow from Syria, as well as highbudget projects financed by large foreign investors, mainly from neighboring countries of Jordan. Historically, government regulation of is both institutional and instrumental with great flexibility and a selective approach to market participants.

Keywords: Development; Jordanian economy; Real estate market; Taxation (search for similar items in EconPapers)
JEL-codes: R31 R38 (search for similar items in EconPapers)
Date: 2019
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Persistent link: https://EconPapers.repec.org/RePEc:vrn:emccon:y:2019:i:1:p:211-219

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