Mixed Results on Sale of New Apartments

Apartments sales are up Y/Y

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construction

The Central Bureau of Statistics reported very mixed results in the housing sector. Builders sold 5,750 new dwellings during the first three months of 2019, which represents a decrease of 11.4% from the last three months of 2018. However, that same number of new dwellings sold represents an increase of 16%, compared to the first three months of 2018. In March alone 1,870 apartments were sold, a 22% rise from March 2018. At the end of March, 25,590 apartments were available for sale throughout the country.  The cities with the greatest increase in apartment sales were: Yavneh, Jerusalem, Ra’anana and Netivot. Conversely, the cities of Rishon Letzion, Rosh Haayin, Petach Tikva and Tel Aviv all showed a decrease in apartment sales during the month of March.

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