The best year for construction companies is emerging as a post-corona symptom (until at least the fifth wave).
Data coming to "Real Estate Today" shows that real estate companies recorded record profits and unprecedented sales volumes in 2021.
How unprecedented?
The data is in front of you.
Africa Israel
"Africa Israel Residential" sold no less than 907 housing units in 2021, with a financial volume of more than NIS 3 billion. This is an increase of about 225% compared to 2020.
Africa Israel Residential CEO Micha Klein: "The data indicate the continuation of the company's growth trend, also in the number of housing units sold and especially in the financial volume of their sale, which broke an unprecedented record.
In 2022, the company is expected to launch 6 large projects that will include hundreds of new housing units combining commercial and employment areas, out of a land accumulation of approximately 11,500 housing units at various initiated stages. "
Regions
"Regions" reports 8 that this is the third year in a row that the public company is expected to register the one that sells the most apartments in Israel.
Azorim reports record sales data for all of 2021: During 2021, the company sold 1,164 units in the amount of NIS 2.8 billion (including VAT), compared to 976 units sold in the corresponding period last year in the amount of NIS 2.1 billion. (includes VAT).
These data reflect a 20% increase in the number of housing units sold, and a jump of about 33.3% in the financial volume of housing sales. Since the beginning of the year, the company has sold 1,164 housing units compared to 976 housing units in 2020. An annual jump of about 11% in price Average per apartment.
Ron Avidan, CEO of the company: "Azorim concludes a year with tremendous momentum with an unimaginable sales volume of over 1,100 housing units.
"Areas that have marked the field of evacuation-construction as a strategic growth engine, is expected in the coming year to significantly increase the scope of projects and housing units under construction in this field."
Housing and Construction Real Estate
Shikun VeBinui Real Estate, which is controlled by Nati Saidoff, sold no less than 852 housing units in 2021 at an average price of NIS 2.3 million, and for a total consideration of NIS 1.97 billion. This is a 110% increase in the number of housing units sold, an increase of 44% At the average price per unit and an increase of about 200% in the total consideration.
Tamir Cohen, Chairman and CEO of Shikun VeBinui: "The excellent sales data for 2021 reflect only part of the company's activity in the field of residential housing and that the sales data for 2022 will more accurately reflect the significant increase in apartment sales. Shikun VeBinui is implementing the strategic plan "It has been accepted by the board of directors and it intends to continue operating in the field of housing for sale and rent, both in initiating and building new neighborhoods, and in the field of urban renewal."
Y.H. Damari
YH Damari did not lag behind in the corona year either.
The data indicate that the company reached a sales peak of 953 housing units at NIS 1.95 billion - an increase of about 50% compared to 2020.
Nurit Toito, Deputy CEO of YH Damari: “The sales of 2021 are record results for the company, both in the volume of apartments sold and in the financial volume of sales.
"Even today, the growth trend in the company continues, and we are experiencing high demand for the purchase of apartments and plots in all areas of the country, and we are witnessing great interest in the projects marketed by the company."
Rothstein Real Estate
Rothstein Real Estate reports record sales, both in the number of housing units it sold in 2021 and in the monetary consideration for them. The company reported that it sold a total of 433 apartments in the amount of NIS 928 million, compared to the sale of 237 apartments in the amount of NIS 395 million In 2020, a 135% increase in monetary return.
Avishai Ben-Haim, CEO of Rothstein Real Estate: "At the beginning of 2020, the Koruna went on strike and the sales of the apartments stopped immediately, but the demand for apartments did not stop and there was a congested demand that erupted in May 2020 and we are experiencing peak demand. "When we plan to market about 1,800 additional housing units out of about 9,000 housing units that are currently in various stages."
Epic Capital Real Estate
Efi Capital Real Estate sold 1,135 housing units in the past year (an increase of 18.1% compared to 2020, when the company sold 961 apartments) for a total of NIS 1.6 billion (including VAT).
The average price per apartment is about NIS 1.4 million.
Efi Shakedi, the controlling shareholder, CEO and chairman of Efi Capital, notes: "The data for the past year place us in the forefront of the most prominent and large real estate companies in Israel.
We are in the process of growth and a significant increase in the volume of our transactions, which is reflected in the amount of sales in the various projects we market throughout the country and in the amount of land purchases we have made in the past year, amounting to a total of NIS 940 million.
Coral
Coral also concludes 2021 with a record sales: an increase of about 29% in the sales agreements signed for 296 units compared to 230 in the corresponding period last year. In addition, it recorded a jump of about 103% in the total financial volume of units "D sold in 2021 for about NIS 586 million, compared to NIS 288 million in the corresponding period last year.
Michal Gur, CEO of Coral: “Coral enjoys high levels of demand and lively movement of potential buyers, in the residential market, in general and in the company's sales sites, in particular.
As part of the company's business development to increase the backlog of projects available to it, we see the field of urban renewal as a major growth engine in the coming years.
As part of this, in 2021 we increased the number of projects in the field by over 1,400 housing units and we will continue to operate and expand significantly in this sector. "
More
Hanan Moore's more group shows a sharp jump of 268% in the number of housing units it sold in 2021 compared to 2020 - 615 housing units compared to 167 housing units in 2020. The total volume of housing units sold in 2021 was NIS 869 million , A jump of 198% compared to 2020. The group expects continued growth in sales in 2022 - about 1,000 housing units Total: 750 housing units in the company's projects together with negotiations for the sale of 256 housing units to the housing company for joint rental with Harel Insurance - in projects in Haifa, Or Yam and Harish.
The average price per unit in the free market in 2021 was NIS 2.2 million, an increase of 10% compared to the previous year.
The Marman plant
The Hamerman plant reported sales of 517 housing units in 2021 in the company's various projects with a total financial volume of approximately NIS 1.802 billion.
The number of apartments sold in 2021 is a jump of 120% (2.2 times) compared to sales in 2020, which amounted to 235 apartments with a total volume of about NIS 581 million (about NIS 2,462 million per unit on average), of which the company's share was about 329.5 a million shekels.
Haim Feiglin, CEO of Tzemach Hamerman: “The growth has been recorded in a variety of the company's projects and we are currently working to meet the volume of urban demand.
We are witnessing a continued increase in demand and housing prices in early 2022 and are working to identify further growth opportunities. "
Donna
The real estate company Dona reports its own impressive record of selling apartments for 2021. Total sales exceeded the NIS 2.5 billion threshold with a quantity of 1,565 residential units, compared to 1,219 units sold in the previous year.
The chairman of the board of the Donna Group, Shalom Shai, explains: "The year 2021 has continued its predecessor in terms of the challenges of the period (the corona crisis, rising raw material prices and more).
This year was characterized by high demand, financial stability and we even won a number of new and significant tenders. "
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