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June sees 57% spike in realty sales
Real estate market's overall favorable trend in 2009's first half continues and June sales see a near 60% increase in new apartment sales
Ory Chudy, Calcalist
The real estate market experienced a positive trend in June, as realty sales showed a 57% rise in sales, compared with June of 2008.
Some 1,540 new apartments were sold in June, all in privately-held construction projects, the Central Bureau of Statistics said Wednesday.
CBS data indicated that 44% of all new apartments sold during the first half of 2009 were in central Israel, and 23% in the greater Tel Aviv area.
The data further indicated an overall rise in real estate sales compared to the same time period last year: The Jerusalem district saw a 92.3% rise in sales, Haifa a 27.2% increase, central Israel a 15.1% rise and the southern district had a 11.5% increase in sales.
The northern and Tel Aviv districts experienced a slump of 7% and 3.6%, respectively.
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