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The figure that boosted real estate prices - Walla! Money

2021-06-20T20:50:20.655Z

The Central Bureau of Statistics reveals one of the key data behind the rise in real estate prices: a decrease of 10.2% in the number of construction starts in April 2020 to March 2021



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The figure that boosted real estate prices

The Central Bureau of Statistics reveals one of the key data behind the rise in real estate prices: a decrease of 10.2% in the number of construction starts in April 2020 to March 2021, compared to the previous year. The leading cities in construction starts are Ashkelon, Tel Aviv and Ramat Gan

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  • Real Estate

  • Construction starts

  • CBS

  • Cost of living

Sonia Gorodisky

Thursday, 17 June 2021, 12:42 Updated: 12:59

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The Central Bureau of Statistics today publishes data on building permits and construction starts in the corona year - data that largely explain the rise in housing prices in the past year.



In April 2020-March 2021, new construction starts recorded a sharp decrease of 10.2% compared to the same period last year and stood at 49,990 apartments.

The number of dwellings issued with building permits in April 2020-March 2021 decreased by about 3.9% compared to the corresponding period last year and stood at 53,640.

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Construction starts by regions April 2020-March 2021 (Photo: CBS)

Almost a quarter of construction starts, in the "price per occupant" layout

About 23.9% of the apartments that began construction (about 11,950) were within the price per occupant, an increase of 1.6% compared to the previous 12 months.

The leading cities in April 2020-March 2021 at the beginning of construction are: Ashkelon, Tel Aviv-Yafo, Ramat Gan, Rishon Lezion, Jerusalem and Netanya.



Of all the dwellings in the new buildings that began construction in April 2020-March 2021, about 15.8% were built in buildings with 2-1 dwellings (single houses and semi-detached houses). In the Northern District the percentage of these dwellings is higher than in the other districts and stands at 40.3%, Tel Aviv percent of these apartments is only about 2.6%.



the figures also show that CBS figure of completions fell: in March 2021 - April 2020, the construction of approximately -47 020 apartments, a decrease of 4.4% versus the previous April 2019-March 2020 (approximately 49,180).

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Source: walla

All business articles on 2021-06-20

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