Number of new apartments for sale grows smaller and drops by 22%

The number of new apartments for construction ,by private developers, that remain for sale in Israel is growing smaller and smaller. At the end of February 2010, there were only 8,540 such apartments, a 22% decrease since the end of February 2009.Of the 8,540 above mentioned units, some 8,180 are currently being built, and 360 were completed in the last 15 months, according to the Central Bureau of Statistics (CBS).Some 1,530 new apartments were sold to the public throughout the country in February 2010, a 14% increase from January of the same year.