Real estate market in Jordan: foreigners inflate prices

At the end of February 2018, Jordan approved a program for obtaining citizenship for investing in the country’s economy and an additional scenario – issuing a permanent residence permit in exchange for the purchase of real estate worth $ 282,000. Although only 500 applicants per year can receive citizenship or a residence permit in Jordan hopes that the new investment program stimulates the inflow of foreign capital. Will the new measure affect the local real estate market? Continue reading →