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Real Estate Briefing - Categorized | Emerging Trends, Legal more

Jordan apartment rents rise on property law amendment

Posted on 11 January 2012

Apartment rental rates rose in certain areas in Jordan during the fourth quarter of 2011 due to an amendment to the landlord and tenant law which permits landlords to increase rents to current market values, according to leading property consultancy Asteco.

The amendment allows landlords to discontinue existing agreements, which in some cases were entered into over five years ago. “Rental rates in some areas are expected to continue rising in 2012 as landlords continue to bring prices up to current values,” said Elaine Jones, CEO, Asteco…………………………………….Full Article: Source


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