There have been 14,661 housing constructing begins within the fourth quarter of 2022, in contrast with 15,024 constructing begins within the third quarter, and down 23% from 18,959 constructing begins within the fourth quarter of 2021, the Central Bureau of Statistics studies.
2022 noticed 67,070 constructing begins, though there have been solely 63,660 constructing begins total as a result of 3,400 houses have been demolished in city renewal packages. Final yr’s constructing begins determine was barely increased than the 2021 determine of 63,600 constructing begins. Within the first quarter there have been 19,628 constructing begins, which gave hope that the federal government might attain its formidable goal of 80,000 constructing begins in 2022.
However the actuality of rising rates of interest had the ultimate say an in the end Israel didn’t even attain 70,000 constructing begins in 2022. Tel Aviv had the largest variety of constructing begins in 2022 with 4,659, adopted by Jerusalem (4,456), Bat Yam (3,158), Beit Shemesh (2,659), Rishon Lezion (2,552), Ashkelon (2,446), Netanya (2,413), Petah Tikva (2,079), Beersheva (2,035), and Ramat Gan (1,634) rounding out the highest ten.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on March 20, 2023.
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