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Kiryat Gat Sees 217% Surge in New Apartment Sales, Leading National Market
Kiryat Gat reported a 217.3% surge in new apartment sales in June-August, selling 1,044 units and leading the nation. Nationally, 85,700 new apartments remain unsold despite an 8.1% year-over-year sales increase.
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What happened
- 01Kiryat Gat saw a 217.3% jump in new apartment sales, selling 1,044 units in June-August.
- 02Nationwide, 85,700 new apartments are still awaiting buyers.
- 03The Tel Aviv district holds the largest inventory of unsold new apartments, with 30.7% of the national total.
- 04New apartment sales increased 11.6% last quarter, but fell 5.5% after seasonal adjustment.
- 05Second-hand apartment sales rose 10.8% in June-August, with 14,090 units sold.
The Tel Aviv district has the largest inventory of unsold new apartments, holding 30.7% of the national total. Second-hand apartment sales also saw an increase, with 14,090 units sold in the same period.
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