[ad_1]
At first look 2022 doesn’t look like such a nasty 12 months for dwelling gross sales in Israel. 110,000 properties have been offered, in line with the Ministry of Finance chief economist, 11% increased than the typical over the previous 20 years. Final 12 months’s determine was down 27% from 2021 however that was an distinctive and file 12 months by a good distance, which in unlikely to recur for a very long time.
However on a more in-depth examination it may be seen that whereas 64,000 properties have been offered within the first half of the 12 months, solely 46,000 properties have been offered within the second half of 2022, 43% lower than the second half of 2021, 27% lower than the second half of 2020 and 18% lower than the second half of 2019.
RELATED ARTICLES
Figures from the Central Bureau of Statistics confirmed an analogous pattern in new dwelling gross sales in 2022. The variety of new flats offered within the second half of 2022 shouldn’t be solely decrease by nearly 50% than new properties offered within the second half of 2021, but additionally 35% blow the second half of 2020 and 25% down from the second half of 2019. The brand new flats market has gone again 5 years, however has been left with 53,000 unsold flats – a a lot bigger inventory of unsold flats than again then.
In 2022 the most important quantity of recent properties offered was in Jerusalem – 2,195 flats, down 11% from 2021. 2,011 new flats have been offered in Ashkelon, down 50.9% from 2021, and 1,914 new flats have been offered in Tel Aviv-Yafo, down 52% from 2021. 1,797 new flats have been offered in Netanya, down 2.3% from 2021, and 1,672 new flats have been offered in Rishon Lezion, down 39.5% from 2021.
Printed by Globes, Israel enterprise information – en.globes.co.il – on February 14, 2023.
© Copyright of Globes Writer Itonut (1983) Ltd., 2023.
[ad_2]