New apartment sales drop 10

Tel Aviv had the next highest number of transactions, growing to 1,813 in 2005, although the percentage of the total remained roughly the same at 28.4%.

By AVI KRAWITZ
September 26, 2005 19:26
1 minute read.

 
X

Dear Reader,
As you can imagine, more people are reading The Jerusalem Post than ever before. Nevertheless, traditional business models are no longer sustainable and high-quality publications, like ours, are being forced to look for new ways to keep going. Unlike many other news organizations, we have not put up a paywall. We want to keep our journalism open and accessible and be able to keep providing you with news and analyses from the frontlines of Israel, the Middle East and the Jewish World.

As one of our loyal readers, we ask you to be our partner.

For $5 a month you will receive access to the following:

  • A user experience almost completely free of ads
  • Access to our Premium Section
  • Content from the award-winning Jerusalem Report and our monthly magazine to learn Hebrew - Ivrit
  • A brand new ePaper featuring the daily newspaper as it appears in print in Israel

Help us grow and continue telling Israel’s story to the world.

Thank you,

Ronit Hasin-Hochman, CEO, Jerusalem Post Group
Yaakov Katz, Editor-in-Chief

UPGRADE YOUR JPOST EXPERIENCE FOR 5$ PER MONTH Show me later Don't show it again

The number of new dwellings sold in the private sector dropped 10 percent in the first half of 2005 from 2004 levels led by a decline in sales in Jerusalem, the Central Bureau of Statistics (CBS) said Sunday. The CBS reported that from January through June of this year, 11,760 new apartments were sold, down from 12,568 apartments sold during the same period last year. Of those sold during the first half of 2005, 10,420 were still in various stages of construction while the remaining 1,340 were completed between March 2004 and June 2005. The report showed that 33% of the sales, or 2,468 apartments, were made in the Central area of the country compared to 27.1% (2,002) in the same six months in 2004. Tel Aviv had the next highest number of transactions, growing to 1,813 in 2005, although the percentage of the total remained roughly the same at 28.4%. The only other increase was recorded in the Haifa region, which grew to 608 from 582 over the comparable six-month period while taking 12.1% of the pie this year. Activity in Jerusalem, however, dropped from contributing 8.9% of the total in 2004 to 6% in 2005, or from 706 apartments sold last year to 467 this year. In June alone, 1,060 new apartments were sold throughout the country, 940 of which were still under construction, according to the CBS. The remaining 120 were completed between March 2004 and June of this year.



More about:Jerusalem, Tel Aviv, CBS

Related Content

Hi-tech
July 29, 2018
Opening a business In Israel: What you need to know

By LEO GIOSUÈ