According to the Ministry of Finance in April-may 2017 sales of new apartments in Israel fell by 38% compared to the same period last year.
According to the press service of the Ministry, with the exception of the program «Policy Le-Mistaken», for a specified period, the Israelis acquired from construction companies 3,000 apartments. If we consider «Policy Le-Mistaken», the figure is 4,000 apartments.
The report, published by the chief economist of the Ministry of Finance, demonstrates the deepening stagnation in the real estate market. The number of transactions in the primary and secondary markets in April and may was 17% less than in April and may 2016. In April purchased a total of 6,500 apartments, and in may 8.500.
A continuing decline in the share of investors among the buyers of apartments in April-may there were only 16%. Moreover, among the sellers, the proportion of investors increased significantly, said the press service.
— Sale, purchase and rent housing in Israel