June sees 57% spike in realty sales

The real estate market experienced a positive trend in June, as realty sales showed a 57% rise in sales, compared with June of 2008.

Some 1,540 new apartments were sold in June, all in privately-held construction projects, the Central Bureau of Statistics said Wednesday.

CBS data indicated that 44% of all new apartments sold during the first half of 2009 were in central Israel, and 23% in the greater Tel Aviv area.