Within the third quarter of 2024, 24,350 houses had been offered in Israel, up 31.3% from the third quarter of 2023, the Central Bureau of Statistics experiences. In September 2024, 7,900 houses had been offered, up 46% from September final 12 months, however the rise is deceptive as a result of final 12 months the vacations fell in primarily September whereas this 12 months they had been all in October. Adjusting for these variations house gross sales had been 25% increased within the third quarter in contrast with final 12 months.
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Even with the rise within the third quarter, housing gross sales are nonetheless properly under common. In a mean month lately 9,200 houses are offered in Israel. In 2023 the market reached the bottom level for some years with 5,600 houses offered per thirty days, whereas within the first 9 month of 2024 the month-to-month common elevated to eight,000. So regardless of this 12 months’s rise housing gross sales are nonetheless 15% under common.
Within the third quarter of 2024, 10,760 new houses had been offered and 13,590 second-hand houses. 21% of recent houses offered had been in authorities backed applications.
By way of geographical division 5,640 housing offers had been accomplished within the Central District within the third quarter of 2024, 5,390 within the Southern District, 3,820 in Tel Aviv District, 3,670 in Haifa District, 2,680 within the Northern District and a couple of,520 within the Jerusalem District.
The town with the largest variety of housing offers within the third quarter was Jerusalem with 1,834 houses offered – 911 new flats and 923 second-hand flats. In second place was Tel Aviv with 1,226 offers together with 746 new houses, and in third place was Haifa with 1,204 offers together with 350 new houses. Beersheva was fourth with 1,021 offers together with 221 new houses.
There have been 70,000 unsold houses on the finish of the third quarter, up 15% from the tip of the third quarter in 2023. 12.5% of the unsold houses are in Tel Aviv, 9% in Jerusalem, and 5% in every of Bat Yam and Netanya.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 14, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
