Price Effect for Your User? A 58% increase in new apartment sales since the beginning of the year

Eric Murkowski , globes.co.il

Price-per-transaction transactions continue to accumulate, and the number of new dwellings purchased in the first three quarters of 2019 is 58% higher than the number of dwellings purchased in the first three quarters of 2018 and 16% more than in the corresponding period in 2017, according to CBS data (Central Bureau of Statistics). Statistics).

The city that led the acquisition of the new apartments in the third quarter was plowing, followed by Jerusalem, Ramat Gan and Tel Aviv.

sale of new apartments

In the third quarter of the year, 7,440 new apartments were sold, down 2.7% from the amount sold in the previous quarter; However, seasonally adjusted, this is an increase of 2.7%, and the total number of new homes sold has increased since April 2018 at a monthly rate of 2.4% compared to the previous month.

However, between the three months of the third quarter there was a big difference in the pace of sales: 2,730 new apartments were sold in July 2019, making it one of the months with the most sales in the last three years; In contrast, in September of this year, 2,088 apartments were sold. Although this is a relatively high number for September 2017 and September 2018, but in contrast to the last two years, this year the holidays began only at the end of the month, so the reason for the decline is different, and it is very likely that October will hit a slump in sales.

As has been the case throughout this year, the reason for the increase in purchases is the cost of housing projects that shed apartments a year and two ago and are now under construction and signing contracts with winners. Harish reached first place in the sale of new apartments, after selling 407 apartments; Jerusalem came in second place, with 364 apartments sold, in Ramat Gan 317 apartments were sold, and in Tel Aviv 288 apartments were sold.

 

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