Housing demand set to soar with return of expatriates “” real estate investors

Housing demand set to soar with return of expatriates “” real estate investors

AMMAN “” In light of reports about Jordanian expatriates returning to the Kingdom soon as a result of pandemic-induced lay-offs abroad, demand for housing is expected to rise during the second half of this year, a stakeholder in the real estate sector said.

Official sources have predicted a "permanent return“ of Jordanian expatriates whose contracts have ended due to the virus crisis, especially in Gulf countries, with the Education Ministry reporting that 92 teachers and their families in the UAE will return in separate groups starting from July 10.

The ministry noted that it has been following up on the matter for a month, adding that the number of individuals set to return, including teachers whose contracts are due to end on Thursday and their family members, amounts to 268. 

President of the Jordan Housing Development Association (JHDA) Kamal Awamleh on Tuesday predicted that, with the return of expatriates, demand for apartments will increase. "Many will be looking to purchase houses to settle in and others might seek to rent apartments to maintain their savings before venturing into new jobs or businesses,“ he said.

"I expect that there will be more purchasing in the upcoming period before Eid Al Adha,“ Awamleh said over the