In December, 11,800 transactions were made in the real estate market, a decrease of 35% compared to November, and a decrease of 12.5% compared to the corresponding December in 2020, according to data from the Chief Economist in the Treasury Shira Greenberg. One thousand transactions, a decrease of 40% compared to November and a decrease of 13% compared to the corresponding month last year.
In the sum of the whole of 2021, about 150.8 thousand apartments were purchased (136.2 thousand less price per occupant), a historical record that is 27% higher than the previous record recorded in 2015. Compared to 2020, this is an increase of 40%.
Source: Ministry of Finance
Second-hand deals fell 11% in December
The total number of second-hand apartment transactions in December was 7.1 thousand, a decrease of 11% compared to December 2020 and a sharp decrease of 38% compared to the high level recorded last November. In a geographical segmentation, it was found that the sharp decrease in the number of transactions compared to November encompassed all areas, with the rate of change ranging from a decrease of 27% in the Hadera area to a decrease of 53% in the Tel Aviv area. This area also recorded the sharpest increase in transactions in November. Compared to December 2020, the BS area stands out with a 5% increase in the number of transactions in second-hand apartments (compared with a 11% decrease at the national level), with this finding largely explained by the most moderate (though sharp) decline in investor purchases, among all The areas.
Leading the decline in purchases in December were investors, when the total number of dwellings purchased was only 1.2 thousand dwellings, a sharp decline of 82% compared to the exceptional level recorded in November (5.4 thousand dwellings), before raising the tax rate. Compared to December 2020 this is a sharp decrease also at a rate of 52%. At the rate of total transactions, the weight of investors was only 10.4%, a decrease of 8.5 percentage points compared to December 2020 and a sharp decrease of 25.5 percentage points compared to last November.
According to the Ministry of Finance, an analysis of the intensity of the decline in investors’ purchases last December after the purchase tax increase, compared to the intensity of this decrease after the previous tax increase at the end of June 2015, shows a similar response intensity. The tax.
Source: Ministry of Finance
How much did investors sell in December?
Investors’ sales in December amounted to 2.4 thousand dwellings, a decrease of 37% compared to the previous month and an increase of 2% compared to December 2020. “Inventory” of dwellings by investors decreased by 1.1 thousand dwellings, after “inventory” increased in the previous twelve months This is close to 6,000 apartments, following the reduction of the purchase tax at the end of July 2020.
Contractors ‘sales in December in 4.6 thousand apartments, a decrease of 31% compared to the previous month and a decrease of 15% compared to December 2020. Excluding government subsidized sales, free market contractors’ sales in December amounted to 3.1 thousand apartments, a decrease of 44% compared to the previous month and a decrease Of 18% compared to December 2020.
Purchases of “first apartment” amounted to 6.1 thousand apartments, of which about 1.5 thousand apartments were sold as part of the “price per occupant”. Compared to December 2020, purchases by young couples in the free market decreased by a relatively moderate rate of 4% compared to the previous month and by 1% compared to December 2020. Purchases of housing improvers amounted to 4.5 thousand apartments, a decrease of 20% compared to the previous month and a decrease of 4% compared to December 2020 .
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