A new or misleading record: Maybe you should stop counting only construction starts?

In the past year, the number of construction starts has risen to 70,000, a record number of 20 years, according to CBS data. The number of apartments that reached the final stage

Between Ashkenazi

20/06/2022

Monday, 20 June 2022, 11:33 Updated: 13:17

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Against the background of the wave of housing price increases, the Central Bureau of Statistics (CBS) publishes data on the start and end of construction between April 2021 and March 2022. The

data show that during this period about 80 building permits were issued for new apartments, about half There were 70,000 dwellings in the Tel Aviv and Central Districts.

Regarding the start of construction, about 70,000 dwellings began in the past year. About a quarter of all dwellings that began construction were in the Central District (24.6%). Were subsidized by the government, while about a third of construction starts in April 2021-March 2022 are concentrated in the cities: Tel Aviv-Yafo, Ashkelon, Jerusalem, Bat Yam, Rishon Lezion, Beit Shemesh and Netanya, while only about 2,280 apartments were built for rent, about 3.3% Construction start screen.

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A new neighborhood in Kiryat Malachi.

Most of the construction starts were in the center (Photo: Reuven Castro)

On the finish line

The number of construction starts is an important figure, but the gap between it and the number of apartments completed has told the sad story of one of the biggest barriers in the construction industry, a figure responsible (along with several other built-in failures) for rising housing prices.

This figure tells a sad story that displaced unnecessary and cross-cutting regulation, officials along the required chain of approvals whose wages are close to the minimum wage and other failures that make construction in Israel a game for those with particularly long breaths.

So what about buildings that have been completed?

According to the CBS, in the months of April 2021-March 2022, the construction of about 46,720 apartments was completed. According to the CBS, the average construction time of a building (weighted by the number of apartments in it) is about two and a half years (30.8 months). The whole story.

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