New homes sales in Israel fall

17,400 new properties were marketed in Israel in the to start with 4 months of 2022, the Central Bureau of Statistics reviews, 15% down on the remaining 4 months of 2021, which was an all-time document high for the sale of new homes. New properties profits have been increased in the remaining four months of 2021, as buyers rushed to invest in homes right before order tax was raised for buyers from November 1. Because November, the number of new properties bought has fallen by an ordinary of 2.1% for every thirty day period.

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Nevertheless, the figure for the initial 4 months of 2022, is 10% higher than the quantity of new households offered in the to start with four months of 2021.

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Leading cities

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Tel Aviv is not only the most costly town for actual estate in Israel but also the city in which most new residences are offered. In the 3 months between February and April 2022, 935 new homes have been bought in Tel Aviv (when compared with 1,091 new residences between November 2021 and January 2022). 888 new households were being sold in Rishon Lezion (476), 776 new homes in Beit Shemesh (451), 724 new properties in Ramat Gan (587), and 611 new homes in Beersheva (334).

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Two towns stood out simply because of a big tumble in the invest in of new households in the a few months between February and April 2022, compared with the past three months: Ashkelon, 499 new residences marketed (870) and Jerusalem 446 new properties (722).

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Revealed by Globes, Israel enterprise news – en.globes.co.il – on June 14, 2022.

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

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