19 July 2018, 10:53
  • Sales of new buildings in Israel have increased by 19% in just a month!

Sales of new apartments in Israel in May 2018 increased by 19% compared to the previous month. But, at the same time, the volume of housing sold decreased by 10%, compared to the same period in 2017. Information provided by the Central Bureau of Statistics. Recent sales statistics make it possible to assert about the restoration of the previous rates of sales of new buildings. At the moment, the monthly increase in demand for new real estate is about 1.6%. While from July 2015 to January 2018 the opposite process was observed. But, according to Globes, it is too early to announce significant changes in the current trend, even though this is an absolute record for sales since July 2017. In total, 5120 new households were sold from March to May 2018. The increase in sales compared to the previous period is 11.3% - in case of seasonal adjustment.

  • Real estate sales in various regions of Israel

As in most countries, in Israel the situation with real estate in different regions varies significantly. In several areas, sales increased: North, Jerusalem and Tel Aviv. Unfortunately, they fell in the Central, Haifa and Southern regions. Sales in Tel Aviv remained flat.

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