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  Cheshvan 11, 5772 , 08/11/11

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.

Other archived news briefs:Nov 08 2011, 08:48 PM, 11/8/2011