Papal Visit Purim Millennium Snow in Jer. We anticipate an increase in deals in the coming months, which is common at this time of the year as publicly traded companies evaluate their financial situation. The survey noted that the number of transactions, which include both new and second-hand apartments, has accelerated considerably since March, offsetting the sluggish market that prevailed at the beginning of the year. The bulk of the growth has come from the private sector, where average sales per month have grown by 6 percent over the same period last year.
Most sales are for large apartments, four to five rooms each, in the center of the country.
Both flats, which include a balcony, are located in the Tzukei Hashemesh project, which houses some 185 units in three 16-story buildings. In Holon, Ilanot Hakirya and Aviv Shabtai Yosef have sold 18 apartments intheir Arba Arzot project for NIS 14 million. The 2 million sq.m. Hi-Park Modi'in is located off Route 431 between Jerusalem and Tel Aviv on a 1,600 dunam plot. Construction of the complex, which is designated for hi-tech companies, is slated for completion by August 2002.