The Central Bureau of Statistics publishes the data on the state of new apartment sales (first hand) across the country. In Ashdod, there was a decrease of almost 45% in the sale of new apartments in the last three months
in the last three months (August – October) The requested amount of new apartments was about 11,390 apartments in the whole country. were sold About 7,450 new apartments, about 65.4% of the requested quantity.
About a quarter of all the new apartments sold are concentrated in the cities: Jerusalem, Netanya, Tel Aviv-Yafo, Lod and Beit Shemesh.
19% of the apartments were sold with government subsidies.
in Ashdod About 161 new apartments were sold in the months of August – October 2022. This is a decrease of about 44.5% compared to the three months before that, when 290 new apartments were sold in the city. One way or another, these are very low figures that can indicate a severe shortage of affordable new apartments for sale in the city, and very low construction starts, as well as the effect of the increase in interest rates in the economy.
in neighboring Ashkelonwhich in recent years usually stars at the top of the list of cities where the most apartments were sold, in the three months of August – October about 355 apartments were sold, which is 25% less than the previous 3 months, during which 474 apartments were sold in the city.
The expectation is that as the demand for new apartments decreases, the pressure on the contractors will increase and they will be forced to lower prices, and certainly will not be able to continue raising them.