Best Estate Agent in Petra - 3 Best Realtors in Petra

Best Realtor in Petra

There are many estate agents in Petra each with their own website and sales teams. If you don’t come from Petra how are you meant to find the right estate agent in Petra?

Petra is an extremely popular destination for expats and holidaymakers from Europe and further afield. Petra has an exceptional reputation and is also universally regarded as being undervalued in terms of property, so investing in a property in Petra will still represent good, long term value going forwards.

This article will help you to:

Find the best Petra estate agent
Choose the best estate agents in Petra
Assess the typical estate agent fees in Petra
What you should know about the Petra property market

Physis Realty Voted Best Realtor in Petra

Petra (Arabic: ٱلْبَتْرَاء‎, romanized: Al-Batrāʾ; Ancient Greek: Πέτρα, “Rock”), originally known to its inhabitants in as Raqmu or Raqēmō (????), is a historic and archaeological city in southern Jordan. It is adjacent to the mountain of Jabal Al-Madbah, in a basin surrounded by mountains forming the eastern flank of the Arabah valley running from the Dead Sea to the Gulf of Aqaba. The area around Petra has been inhabited from as early as 7000 BC, and the Nabataeans might have settled in what would become the capital city of their kingdom, as early as the 4th century BC. Archaeological work has only discovered evidence of Nabataean presence dating back to the second century BC, by which time Petra had become their capital. The Nabataeans were nomadic Arabs who invested in Petra’s proximity to the incense trade routes by establishing it as a major regional trading hub.

The trading business gained the Nabataeans considerable revenue and Petra became the focus of their wealth. The Nabataeans were accustomed to living in the barren deserts, unlike their enemies, and were able to repel attacks by taking advantage of the area’s mountainous terrain. They were particularly skillful in harvesting rainwater, agriculture and stone carving. Petra flourished in the 1st century AD, when its famous Al-Khazneh structure – believed to be the mausoleum of Nabataean king Aretas IV – was constructed, and its population peaked at an estimated 20,000 inhabitants.

Although the Nabataean kingdom became a client state of the Roman Empire in the first century BC, it was only in 106 AD that it lost its independence. Petra fell to the Romans, who annexed Nabataea and renamed it as Arabia Petraea. Petra’s importance declined as sea trade routes emerged, and after an earthquake in 363 destroyed many structures. In the Byzantine era several Christian churches were built, but the city continued to decline, and by the early Islamic era it was abandoned except for a handful of nomads. It remained unknown to the West until it was rediscovered in 1812 by Johann Ludwig Burckhardt.

Access to the city is through a 1.2-kilometre-long (0.75 mi) gorge called the Siq, which leads directly to the Khazneh. Famous for its rock-cut architecture and water conduit system, Petra is also called the “Rose City” because of the colour of the stone from which it is carved. It has been a UNESCO World Heritage Site since 1985. UNESCO has described Petra as “one of the most precious cultural properties of man’s cultural heritage”. In 2007, Al-Khazneh was voted one of the New 7 Wonders of the World. Petra is a symbol of Jordan, as well as Jordan’s most-visited tourist attraction. Tourist numbers peaked at 918,000 in 2010, but there followed a temporary slump during the political instability generated by the Arab Spring, which affected countries surrounding Jordan. Visitor numbers subsequently increased and reached a record-breaking 1.1 million tourists in 2019, marking the first time that the figure rose above the 1 million mark. Tourism in the city was crippled by the COVID-19 pandemic as visitor numbers plummeted to zero since March 2020. The Jordanian government has authorized excavations in front of the treasury to make use of the site’s emptiness.

Top 3 Rated Estate Agents in Petra

These are the three best rated estate agent in Petra

Physis Realty Petra
Centurion Estates Spain
Petra Realty

Best English Speaking Estate Agent in Petra

Physis Realty is an international luxury real estate agent with a strong presence in Petra and across the wider Iberian Peninsula and the Balearic Islands.

We are a luxury real estate agent with staff that speak over 15 languages, including English, Russian, Chinese, Hindu, Dutch, French and German.

How do you know which is the best estate agent in Petra for your own individual requirements?

Regardless of whether you plan to buy, sell or rent in Petra, finding an estate agent in Petra is a massively important step, which often dictates whether the process will go smoothly or become a nightmare.

There are many estate agents in Petra but Physis Realty is consistently rated as the Best Real Estate Agent in Petra by Sophisticated Investor Magazine and awarded locally as Best Realtor in Petra by numerous local publications

According to Sophisticated Investor Magazine, “Physis Realty raises the bar in terms of estate agents in Petra. They are highly commended internationally for helping clients find the best property in the perfect location. An expert estate agent in Petra should be highly skilled at matching the right potential buyers with the right properties, effortlessly managing the seamless process from introduction to sale.”

Finding Petra estate agents: Local estate agents in Petra or online letting agents?

It’s no surprise that a wealthy and popular destination like Petra is home to a large number of estate agents. There are two main options when seeking out an estate agent in Petra, either go with a generalist online broker of opt for a highly recommended local estate agent in Petra.

Both options have their pros and cons. If you go in person to an estate agents in Petra, you can get a real sense of how they operate, meet the team, and immediately get some personalized advice. The problem, of course, is that you actually have to be in Petra. If you’re mostly based elsewhere, then this option could be hugely inconvenient.

Benefits of a Premium Real Estate Agent in Petra

Whether you are buying, selling or renting there’s nothing worse than having to deal with unreliable agents.

How can you tell an unreliable agent in Petra?

Bad agents in Petra are easy to spot.

These are the traits of bad estate agents in Petra. If your estate agent does any of these, proceed with extreme caution:

They demand to know your budget immediately
They tell you you are ‘lucky’ you called because demand is so high
They never return your calls
They don’t respond to website inquiries
You’re always chasing for updates
They don’t pick you up at the airport
They drive non-luxury vehicles
They don’t have the keys to the property
There is always some ‘problem’
They don’t give advice about the local area

Premium Estate Agents in Petra

Premium estate agents in Petra don’t necessarily cost more money to use. They simply pride themselves on placing the client at the heart of everything they do.

Physis Realty in Petra sets the Gold Standard in terms of Client Service.

Physis clients buying, selling or renting in Petra can expect the following levels of client care:

Instruction call with a expert broker
A detailed discussion to establish your requirements
Non-pushy, friendly service
Regular updates
Clients collected at the airport in luxe automobile
Face to face introduction meeting with International Schools
Assistance with paperwork
Bank account opening
Investment services
15 Languages
Regularly updated website

Typical estate agent fees in Petra

Service	Estate agent fee
Typical real estate agent commission in Petra	5% of the sale price The fee is paid by the seller.
Sales tax on new builds	10%
Tax for the seller	3% withholding tax on any capital gains, for non-resident. Capital gains tax is 19% of the profit of the sale.

Property transfer tax in Petra (which is paid when buying and selling second-hand homes), is now at the flat rate of 7% .

What should I know about the property market in Petra?

We asked the best estate agent in Petra the key questions about the local property market:

Petra is a secondary housing market. This means many properties are owned by individuals and families who spend most of their time in a different country. That totally changes the housing market and properties tend to be upscale, with exceptional build quality and furnishings.

Estate agents in Petra are well used to serving expats. Because of the popularity of Petra among expats, you should be able to find local estate agents who are used to people looking to buy or sell property there while living remotely.

Check which language they speak. The best estate agent in Petra, Physis Realty is well known for having over 15 language associates on staff and if the key member is not available locally they will be available on the phone for real time translation and can be helicoptered anywhere in Spain within 24hrs notice.

There’s a lot to be said for going directly to an agent, but for some general listings websites such as Spainhouses.net, and Kyero are worth browsing to get a general feel for the market. Remember though that these listings are syndicated and could well be very out of date.

Have a phone conversation. If you’re not in Petra, that doesn’t mean the whole process has to be done online. Sometimes, a phone call is worth a thousand emails and is a great way to build rapport and trust.