A drop in the construction of towers in Israel since the beginning of 2021
A drop in the construction of towers in the first three quarters of 2021 – according to a special analysis of CBS data for the third quarter, conducted by the real estate appraiser headed by Haim Mesilati. Only 16% of apartments built in the first three quarters of the year 22% in 2020 and compared to an average rate of 13% -14% per year over the last decade.
Thus, from the beginning of 2021 to the end of September, 6,106 new apartments in towers began to be built throughout the country – 3,500 apartments in 16-20-story buildings and 2,606 apartments in 21-story buildings and more. For comparison, in the whole of 2020 there were 11,124 construction starts for apartments in towers.
In the city of Kiryat Ono, the sharpest drop was in construction starts for towers with only 115 apartments that began construction this year compared to 747 in 2020, followed by Netanya with 223 compared to 1,306, Ramat Gan with 177 compared to 976, Ramla with 238 compared to 1,090, and Hod Hasharon with only 86 compared 344 in the previous year.
The peaks of the construction of the towers
The city of Ashkelon is the pioneer in the construction of towers and with 1,249 apartments of 16-21 floors and more
2. Tel Aviv with 641 apartments
3. Beer Yaakov with 508 apartments
4. Rishon Lezion with 451 apartments
5. Bat Yam closes the top five with 406 construction starts in the towers.
Cities where there has been a sharp jump in tower construction
The analysis also shows that the city of Lod made the sharpest jump in construction for towers compared to the number of construction starts registered in 2020, with 201 apartments compared to only 72 in 2020, followed by Rehovot with 160 compared to 70, Bat Yam with 406 compared to 185, Ashkelon with 1,249 compared 681 and Or Akiva with 86 construction starts this year compared to 56 in the previous year.
According to architect Yoav Oman, owner and partner at Tito Oman Architects:
“In my opinion, the decline in the construction starts of towers is due to the fact that in the past year many saturated construction projects have been launched that are characterized by a lower number of floors – urban renewal, price per occupant projects or reduced price.” “And there will be a jump in the construction of towers, in light of the shortage of vacant land in the country, and against the background of the Planning Administration’s policy of increasing density, especially in areas of demand through high-rise construction.”