Q1 sees 16% drop in sales of new flats
Rise in sales of new apartments recorded in Haifa and Jerusalem districts, while Tel Aviv, central and southern districts see drop compared to same period in 2008
According to the data, the first three months of 2009 saw a 16% drop in the sales of privately-built new flats across the country, compared to the same period last year.
The CBS data also revealed that some 44% of all the new apartments sold were located in the central district, and some 24% were in the Tel Aviv area.
The Haifa district saw a 14% rise in the sales of apartments, and the Jerusalem district saw a 1.7% rise compared to the same period in 2008.
On the other hand, a drop has been recorded in the sales of new apartments between January and March in Tel Aviv (-21.8%), the southern district (-20.3%) and the central district (-18.7%).
The northern district saw 112 new apartments sold between the months of January and March compared to 122 apartments during the same period in 2008. In the West Bank, 72 new flats were sold in privately-initiated buildings between January and March, compared to 104 apartments sold in the same period in 2008.
The number of new apartments for sale in privately-initiated buildings initiated is decreasing, reaching 9,460 apartments in the end of March – a 4% drop compared to the end of March 2008.
