In the first quarter of 2023, 20,189 homes were sold, down 42% from the first quarter of 2022 and 26% from the fourth quarter of 2022, according to a report by the finance ministry’s chief economist.
In the first quarter of 2023, 20,189 homes were sold, down 42% from the first quarter of 2022 and 26% from the fourth quarter of 2022, according to a report by the finance ministry’s chief economist.
It was the lowest quarterly figure in 20 years for housing deals, barring during the Covid lockdown in 2020 and social protests in 2011. The chief economist also notes that 1,800 apartments sold during the first quarter of 2023 were under the government support programme. to the buyer’s price.
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Mortgage registration in Israel is the lowest since 2019
Evidence is that the number of housing deals will be lower in the second quarter of 2023 with the number of deals decreasing month to month in the first quarter. Another such indicator is that mortgage loans were very low in April.
Published by Globes, Israel business news – en.globes.co.il – on May 15, 2023.
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