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Full coverage· Economy· Updated

Contractors Slow Construction, Potentially Halting Housing Price Declines

Israeli contractors are reducing new housing construction starts by 7% due to weak sales, potentially ending the current decline in apartment prices in two to three years as the housing surplus stabilizes.

4 newsrooms · 1 language · since

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What happened

  1. 01Construction starts fell 7% as contractors respond to weak apartment sales.
  2. 02The surplus of 84,000 unsold new apartments has stabilized.
  3. 03Building permits increased, but actual construction starts are down.
  4. 04Reduced construction could halt housing price declines in 2-3 years.
  5. 05Buyers currently have an advantage due to high inventory.
Translated and summarized by baba from N12, the latest report. Read N12’s original

The coverage

4 newsrooms on this story

Who covered it

  • LeftNone
  • Centre1
  • RightNone
  • HarediNone
  • ArabNone
  • Other3

How it broke

See which of the 4 newsrooms broke it, and who waited