The number of new home sales was down 24% in Jerusalem and 20% in Tel Aviv.
The number of new homes sold in Israel in the first half of 2014 was down 21.7%, the Central Bureau of Statistics reports.
In July the number of new apartments was 2,530 of which 1,450 were sold to the public and 1,080 remained unsold.
52% of new apartments were built on privately-owned land. The number of new apartments built in the first half of 2014 was 20.6% lower than in the corresponding period of 2013.
During that period there were falls in all the country’s regions – about 25% in the central district, 24% in the Jerusalem district, 23% in the southern district, 20% in the Tel Aviv district, 17% in the Haifa district, and 5% in the northern district.
Of the 11,690 homes sold to the public in the first half of 2014, about 9,320 homes were built privately and 2,370 homes by public companies.
Published by Globes [online], Israel business news – www.globes-online.com – on August 28, 2014
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