Apartments under construction hit the highest number since 1997, the Central Bureau of Statistics reports.
The survey also showed that buildings starts increased by 78% in the first half of the year in the southern district, compared with the corresponding period in 2014, 32% in the Haifa district, 17% in the northern district, and 9% in the Tel Aviv district. In the same period, housing starts were down 29% in the Jerusalem district and 16% in the central district.
Construction of 21,470 apartments was completed in the first half of 2015, 6.9% more than in the corresponding period last year. The largest number of housing completions was in the central district, which accounted for 29% of the nationwide total, while Jerusalem accounted for only 10%. Housing completions in the first half of the year were up by 25% in the Jerusalem district and 22% in the Haifa district, compared with the first half of 2014, while housing completions in the first half fell by 9% in the northern district and 2% in the central district.
Published by Globes [online], Israel business news – www.globes-online.com – on September 9, 2015
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