After years of decline in building starts for three-room apartments, Ministry of Construction and Housing figures for building starts in the first quarter of 2015 show an increase in the number of small apartments started. In addition, adjusted Central Bureau of Statistics figures for the first half of 2015 also indicate a surge in construction of these apartments.
According to the Ministry of Construction and Housing figures, construction began on 680 three-room apartments in the first quarter of the year, 5.5% of all the building starts in the quarter. Three-room apartments started totaled 1,764 in 2014, only 4% of all building starts that year, an average of only 441 per quarter, 239 (50%) fewer than the number in the first quarter of 2015.
The Central Bureau of Statistics’ adjusted figures for the first half of 2015 show that construction of no fewer than 1,871 three-room apartments began in January-June., including 1,191 three-room apartments in the second quarter, 57% more than in the first quarter. The first half total is more than the 1,764 three-room apartments begun in all of 2014. The standout cities in beginning construction on three-room apartments were Tel Aviv-Jaffa, Jerusalem, Ramat Gan, and Beit Shemesh.
Continuation of the article – http://www.globes.co.il/en/article-small-apartment-building-starts-up-sharply-in-israel-1001072256