In February 2022 there was a decrease of about 3.5% in the number of new dwellings sold and these amounted to 5,065 new dwellings compared to 5250 in January 2022, but it is still a 35% jump in sales of new dwellings in February 2022 compared to February 2021, when the numbers stood at 3,742. This is according to data from the Central Bureau of Statistics.
In the three months of December 2021 to February 2022, the demand for new apartments was about 20,710 apartments, an increase of 4.5% compared to the previous quarter, of which about 15,600 new apartments were sold. About 5110 not for sale. About a third of all new apartments sold are concentrated in cities: Tel Aviv-Yafo, Bat Yam, Jerusalem, Ashkelon, Netanya and Rishon Lezion.
The localities in which more than 500 apartments were sold in December 2021-February 2022 are: Tel Aviv-Yafo (1,042), Bat Yam (869), Jerusalem (853), Ashkelon (843), Netanya (777), Rishon Lezion (718) , Ramat Gan (510) and Beit Shemesh (505).
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At the top of the list of localities where there has been an increase in the sale of new apartments compared to the previous three months are Yavne, Lod, Mevaseret Zion, Hadera and Rosh HaAyin. The main localities in which there was a decrease in the sale of new apartments compared to the previous three months are: Beer Yaakov, Modi’in-Maccabim-Re’ut, Kiryat Ono and Givat Shmuel.
According to data from the Central Bureau of Statistics, stability was maintained in the sale of new dwellings in the quarter (December 2021 – February 2022), which amounted to 15,598, compared with 15,699 in the previous quarter. On an annual basis (last 12 months), the volume of sales of new dwellings increased by 40%.
The following is a breakdown of the sale of new apartments and the percentage of change:
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