New apartment sales in Israel down slightly in July
According to statistics released a few days ago by Israel's Central Bureau of Statistics, the sale of "new" apartments in Israel was down approximately 5% in July from June's sales figures. According to the CBS Report, 1,139 new apartments were sold in the country during the month of July, compared to 1200 in June. The July sales for this year were 20% less than July 2009.
Although sales of new apartments are down slightly both from last month and last year, the supply of new apartments is also down 5% from a year ago. The supply, according to the CBS report stands at a 7.8 month supply. That level has remained steady for the last 3 months.
Source: Israel Central Bureau of Statistics
August 30, 2010
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