The Real Estate Market in the Jordanian Economy Cover Image

Пазарът на недвижима собственост в условията на йорданската икономика
The Real Estate Market in the Jordanian Economy

Author(s): Nawaf Saleh Al-Fayez
Subject(s): Economy, Socio-Economic Research
Published by: Икономически университет - Варна
Keywords: Development; Jordanian economy; Real estate market; Taxation
Summary/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.