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New homes sales in Israel fall

June 15, 20222 min read Annita Vagas

17,400 new households were offered in Israel in the 1st four months of 2022, the Central Bureau of Figures stories, 15% down on the final four months of 2021.

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17,400 new properties were marketed in Israel in the initial four months of 2022, the Central Bureau of Studies studies, 15% down on the last 4 months of 2021, which was an all-time document higher for the sale of new residences. New homes sales have been bigger in the remaining 4 months of 2021, as investors rushed to purchase properties prior to acquire tax was lifted for traders from November 1. Considering that November, the selection of new properties purchased has fallen by an regular of 2.1% per month.

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Mortgages credit: Shutterstock&#13

Property finance loan having in Israel rose strongly in May possibly

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Nonetheless, the figure for the initially four months of 2022, is 10% higher than the variety of new properties marketed in the first four months of 2021.

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Top metropolitan areas

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Tel Aviv is not only the most high-priced town for actual estate in Israel but also the metropolis in which most new houses are marketed. In the a few months involving February and April 2022, 935 new houses have been sold in Tel Aviv (in contrast with 1,091 new households between November 2021 and January 2022). 888 new houses were marketed in Rishon Lezion (476), 776 new residences in Beit Shemesh (451), 724 new properties in Ramat Gan (587), and 611 new households in Beersheva (334).

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Two cities stood out mainly because of a big fall in the order of new properties in the a few months between February and April 2022, as opposed with the former three months: Ashkelon, 499 new houses bought (870) and Jerusalem 446 new homes (722).

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Published by Globes, Israel company information – en.globes.co.il – on June 14, 2022.

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© Copyright of Globes Publisher Itonut (1983) Ltd., 2022.

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New building in Ashkelon Credit: Eyal Izhar

New building in Ashkelon Credit rating: Eyal Izhar

 

 

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