Jordan War Talk Hurts Real Estate Sector

AMMAN — Jordan’s once booming real estate sector is struggling under political and economic uncertainty while, citing the crisis in neighboring Syria, investors and bankers are predicting difficult times.

Figures released by Jordan’s Department of Statistics in early September showed that real estate trade volume dropped by 25 percent during the first eight months of 2012. Trading in property fell to $ 4.9 billion, down from $ 6.1 billion during the same period of 2011.

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