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New home sales in Israel up 21% in Q1

May 13, 2024
in Financial
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In keeping with the Central Bureau of Statistics, 23,250 new houses have been offered within the first quarter of 2024.



Israel’s housing market has gone again 5 years when it comes to the variety of new houses offered however at costs which might be 40% larger, in accordance with figures printed by the Central Bureau of Statistics for the primary quarter of 2024. Within the first quarter, Ashkelon stood out with 861 new houses offered, up 151% from the fourth quarter of 2023. In Netanya 123% extra new houses have been offered, in Ashdod 117% extra and in Tel Aviv 108% extra.





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Residential construction in Ashkelon  credit: Shutterstock/Yuri Dondish

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Town the place most new houses have been offered within the first quarter of 2024 was Jerusalem with 1,328 houses offered, up 30.8% from the fourth quarter of 2023. In Haifa 1,073 new houses have been offered, up 55%, and in Beersheva 1,163 new houses have been offered, 88.2%. In fourth place was Tel Aviv with 1,021 new houses offered, up 108%.

The pattern within the rise in new houses offered started in December 2023 and has been strengthening since.

In keeping with the Central Bureau of Statistics, 23,250 new houses have been offered within the first quarter of 2024, up 21% from the primary quarter of 2023. New houses gross sales are rising at a month-to-month fee of three.7%.

Revealed by Globes, Israel enterprise information – en.globes.co.il – on Might 12, 2024.

© Copyright of Globes Writer Itonut (1983) Ltd., 2024.



New home sales in Israel up 21% in Q1

New houses credit score: Shutterstock

 

 

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