News Brief 7/29/2009, Av 8, 5769
New Apartment Sales up 50% in June
In the month of June 1,540 new apartments were sold throughout Israel, a 12 percent increase over figures for June 2008. The report from the Israel Bureau of Statistics released on Wednesday revealed that apartment sales in June were up 50 percent compared to January’s numbers.
At the same time, the number of new apartments available for sale continued to decline. According to the report, there were 7,800 available apartment on June 30 – a 21 percent decrease compared to June of 2008. The report indicated that at the current rate there won’t be any available new apartments in five month’s time.