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CSB: in Israel reduces the volume of housing construction

Central Bureau of statistics on Wednesday, 9 December, data published by the Israeli housing construction industry for the third quarter of 2015.

According to CBS, in July-September in different parts of the country, has started construction 11.131 housing units, which is 5.5% less than in the second quarter. Compared with the third quarter of last year the decrease amounted to 1.7%, according to the newspaper «Globes».

The most dramatic decrease was in the Jerusalem district, where in the third quarter began construction of 997 apartments (1.348 in the second quarter) and the southern district (2.025 vs. 1.264). While in tel Aviv district this indicator, by contrast, increased (from 1.458 to 2.109).

As previously reported, in the second quarter of 2015 started construction 11.939 apartments, reflecting a 9 percent decline compared with the first quarter, when the figure was 13.161 apartment.

However, in the first 9 months of this year compared with the same period 2014 growth was in the number of apartments the construction of which was started, by 3.6%.

As noted by the CSB currently in various stages of construction are to 97.7 thousand apartments, which is the highest figure since 1997.

— Sale, purchase and rent housing in Israel

CSB: in Israel reduces the volume of housing construction 10.12.2015

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