Robyg reports 588 units sold in Q1’19

In the first quarter of 2020, Robyg sold 588 apartments against 472 a year ago, the developer stated in a press release.

Currently the company has over 1,700 premises on offer, and the owned land allows for the construction of approximately 17,500 apartments. Robyg also said it plans to recognize 420 premises in the first quarter's revenues.

“The outbreak of the coronavirus was the most unpredictable event that affected the entire economy – hence the results for the first half of the year will be determined by the further development of this situation. We hope that the housing market will not experience major changes," Vice President Eyal Keltsh said.

He added that the company implemented solutions enabling the remote purchase of an apartment.

(PAP)