2010 saw a record number of private residential sales at just over the 16,000 mark – up from the previous peack of 14,800 in 2007. However December saw just 583 sales compared to 1,332 in November.

Analysts are quick to point out that December is traditionally a slow month in the Singapore property market and 2010 was no exception. Many people are on holiday during December and parents are looking at their children’s PSLE results so less properties are advertised.

January is predicted to be another slow month in the property market however many property investors are confident that the market will start to pick up again in the coming months.

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In the first eight months of 2009, the total value of property deals in Jordan was down a massive 38 percent compared to the period in 2008 according to figures from the Department of Land and Survey.

The downturn is largely due to the unstable nature of the global economy which has made many property investors think twice about investing their money into more real estate.

Despite the trend, foreign purchasers appear to have confidence in the Jordan property market and real estate assets rose 22 percent against 2008. Top non-Jordanian property investors are the Iraqis, who purchased 79.7 million dinars worth of property, and Americans who bought 17 million dinars worth of Jordan property.

Unsurprisingly, the amount of income the government made from property has also fallen by 38 percent to 174.2 million dinars.

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