The stock of ready apartments in Israel has seen a significant increase of 31% in four months, with the number of unsold apartments rising from 8,000 in April to 10,500 in August. This represents an addition of about 2,500 apartments to the existing stock, bringing the total of new apartments to approximately 85,700. At the "Real Estate Truth" conference in Eilat, the chairman of the contractors and builders organization for the Tel Aviv and central district, Amit Gutlieb, presented these concerning data.
Additionally, a request for a building permit has been submitted for the construction of 200 apartments in Kiryat Gat under the "authorized for permit" track, aimed at easing the regulatory processes. Currently, nearly 7,000 housing units are undergoing self-regulation processes across the country.
Meanwhile, the company "My Horizon" has approached the Supreme Court for a further discussion regarding building fees in "Price for Participants" projects, following a landmark ruling that affected hundreds of projects.
Finally, the company Realization of Potential won a tender in Ramla at a price significantly lower than the established appraisal.