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CBS: Israel reduced the volume of new housing construction

According to the Central Bureau of statistics, in the first quarter of 2017 in various parts of Israel started the construction 12.188 housing units.

This indicator became the lowest since the fourth quarter of 2014. Compared with previous quarter volume of new housing construction in January-March decreased by about 10%, as compared to the same period last year by 8%, the newspaper «Globs».

The decrease in the number of new projects on construction of housing is fixed in the Central, Jerusalem, Haifa and Northern districts. While in the tel Aviv and southern districts it is, on the contrary, increased.

It should be noted that the current data of the CSB are not final and can be further refined.

Recall, according to the CSB, in April 2017, an Israeli real estate developers sold 1.927 apartments. This is 15.7% less than in March, and 23.4% less than in April last year.

Earlier, the chief economist of the Ministry of Finance has published a report on the housing market for the first quarter of 2017. It is noted that during this period sales of new apartments compared with the previous quarter decreased by 2%.

Thus, the downward trend in sales on the Israeli primary housing market observed over the past 11 months.

— Sale, purchase and rent housing in Israel

CBS: Israel reduced the volume of new housing construction 23.06.2017

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