New home sales down 17% in July

New Bnei Brak housing project Photo: PR

2,061 new homes were sold in July, compared with 2,479 in June.

Central Bureau of Statistics figures continue to show a significant slowdown in sales of new homes by contractors. Today's nationwide figures show that 2,061 new homes were sold in July, a 17% decrease, compared with 2,479 in June, and a 25% decrease, compared with 2,757 in July 2017.

In addition, a comparison of the number of new homes sold over the past year (August 2016-July 2017), compared with August 2015-July 2016 also shows a considerable slowdown: 26,316 in the past year, compared with 31,685 during the preceding year, also a 17% decrease.

Today's figures continue to indicate that the government's measures, such as the buyer fixed price plan, plus uncertainty in the sector, are still influencing contractors. A similar picture arises from the figures regularly published by the Ministry of Finance chief economist, which also show fewer deals in recent months.

Published by Globes [online], Israel Business News - www.globes-online.com - on September 10, 2017

© Copyright of Globes Publisher Itonut (1983) Ltd. 2017

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New Bnei Brak housing project Photo: PR
New Bnei Brak housing project Photo: PR
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