New houses gross sales in Israel rose in March

The rise in new house gross sales along with increased mortgage taking in March, means that the true property market could also be again on the rise.

2,790 new houses have been bought in Israel in March 2023, the Central Bureau of Statistics studies, up 9.4% from February 2023. 7,960 new houses have been bought between January and March 2023.

The rise in new house gross sales along with increased mortgage taking in March, means that the true property market could also be again on the rise. April mortgage taking figures have been very low however this was as a result of many holidays through the month.

Mortgage taking in Israel in April lowest since 2019

Partly the rise in March mirrored an increase in gross sales of residences in authorities backed packages, which represented 48.5% of all residences bought, in contrast with 35.5% within the first three months of the yr.

Within the first three months of 2023, extra new houses have been bought in Jerusalem than anyplace else – 865. In second place was Netivot (818) adopted by Ashkelon (425), Petah Tikva (404), Ramat Gan (319), Beersheva (299), Haifa (251), Beit Shemesh (242) and Tel Aviv (235).

Printed by Globes, Israel enterprise information – en.globes.co.il – on Might 11, 2023.