31% surge in four months: Thousands of ready apartments remain without buyers

The inventory of new apartments whose construction has been completed and have not yet been sold grew by 31% in four months, from about 8,000 in April to about 10,500 in August 2026, according to data from the Contractors and Builders Association. Also in the article: a request to build 200 apartments in Kiryat Gat under the self-licensing track, a request for an additional hearing in the Supreme Court on 'Price for a Tenant' fees, and a win in a tender in Ramla at about 40% of the appraisal.

The inventory of new apartments whose construction has been completed and have not yet been sold grew by 31% in four months, from about 8,000 in April to about 10,500 in August 2026. This emerges from data presented by Amit Gotlib, chairman of the Contractors and Builders Association of the Tel Aviv and Central District, at the 'Real Estate Truth' conference in Eilat. The total inventory of new apartments with building permits that have not yet been sold, including apartments under construction, stood in August at about 85,700 apartments. The author notes that he was a guest at the conference on behalf of the organization. In addition, a building permit application was submitted for the construction of 200 apartments under the 'Authorized for Permit' track in Kiryat Gat, one of the largest applications in this track. The company 'Ofek Sheli' and the Association of Contractors and Builders in Israel filed a request for an additional hearing in the Supreme Court on the issue of construction fees in 'Price for a Tenant' projects. In Ramla, a single bidder won a tender to build 102 apartments at about 40% of the appraisal price.