Program occupant price continues to set the tone in the new dwellings , and in the three months of May-July 2019 sold approximately -7900 new apartments, an increase of 2.8% compared with the previous three months (February-April 2019), as Beersheba is a city which recorded the amount of the transactions much most new dwellings - according to data from the Central Bureau of Statistics (CBS). as a result, the inventory of unsold new homes fell 12% last year.
A significant portion of new homes sold in the cities of the periphery, primarily Beersheba, while the goals relying on free markets, and especially major cities and desired - have lagged relatively low. Trend data show that from April last year, the number of new homes sold increased in April 2018 by 2.5% per month. Quantitatively purchase of apartments in this period, similar to that recorded in the second half of 2016.
Any publication of this kind, the question again arises correctness of the data. For example, CBS different transactions are recorded in the Tax Authority, since the definition of "new apartment" in two different places. The Tax Authority actually recorded a decrease of 3% between February and April, May and July of this year. In addition, there were failures reportedly tried to teach methods "Total, which made many updates to the data, there were often significant. According to CBS, developed statistical models to improve data reliability and reduce biases the first different.
Beersheba is a champion in sales in May and June this year. 621 apartments were sold, compared to 163 apartments in the preceding three months (February-April), ie the amount of almost square; Cheapest housing prices in Or Akiva (between 1.35 to -1.45 million Apartment 4 rooms) led many buyers to the small town, which until recently was considered the focus of demand and reached the amount of 529 transactions in the new apartments made it between May and July; In third place was Jerusalem with 403 apartments. In normal mode, Jerusalem contending for supremacy in front of Tel Aviv, but at a time when apartments cost flights are the center of attention - the two largest have fallen down; Built in fourth place with 375 apartments, followed by Harish (356) and Ramat Gan (340). Tel Aviv came only seventh place in new home sales in those months - 338 apartments. This is consistent with the findings of the Chief Economist, the number of transactions in the city down recently, probably due to high prices.
The increase in new housing purchases, which lasted about a year and a quarter, are being felt on the stock of unsold new homes, shrinking, due to the decline in construction starts . At the end of July 2019, the number of new housing units for sale under private initiative alone was approximately -25 840 apartments, compared to 26,019 apartments at the end of June 2019 and -29,493 in late July last year. The apartments were conceived by the government is very low in recent years, so even if you add the homes built by the public, is not significantly change the picture. It should be emphasized in this regard that in the past were recorded in this index also biases, and that these surveys have to wait to see whether the new method reduced the size of updates.