News Briefs

  11/8/2011, Cheshvan 11, 5772

Apartment Sales Down, 18,500 Unsold

Apartment sales remained low in September, according to data released Tuesday by the Central Statistics Bureau. Sales were down by 10% compared to August, and by 35% compared to September 2010.

Sales have been dropping for months in response to soaring prices. A total of 18,500 new apartments have not yet been sold. The increase in unsold apartments was seen across the country, but in the Tel Aviv region in particular.