The demand for new apartments in Israel stood at 21,340 from November 2021 to January 2022, an increase of 24.3% compared to the previous three-month period (August-October 2021), the Central Bureau of Statistics reported Monday.
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The number of new apartments sold in Tel Aviv, Ashkelon, Jerusalem, Beer Yaakov, and Modi'in from November to January was up by 10.6% compared to the preceding three months and once seasonal fluctuation was accounted for.
The CBS data said that November 2021-January 2022 saw 16,440 sales of new apartments, 21.9% more than in the previous three months.
The same three-month period reported Monday also examined where in Israel the most apartments were being sold. Over one-quarter (26.6%) of the demand was for apartments in central Israel, with 20.5% of the demand for apartments in the Tel Aviv area. The Jerusalem district accounted for 9.6% of demand for new apartments, with the south seeing 16.2% of the demand and Haifa 11%.
Since July 2019, the demand for new apartments has risen by 1.5% per month, with 77% of demand comprising new apartments purchases by the general public and 23% new apartments under construction that have not been sold.
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