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Home prices continue falling in Israel

2018-05-18 13:36 | | 2

The fall in home prices continues in Israel, according to the latest figures published by the Central Bureau of Statistics.

Home prices fell 0.2% in March 2018 and have now fallen 0.1% in the past 12 months. Moreover, the fall in house prices of 0.2% in February has now been revised downwards to 0.5%. This is the first time in 10 years that housing prices have fallen over a 12-month period, Globes reports.

In February-March 2018, housing prices rose 1.2% in Jerusalem and by 0.4% in Haifa and the north but fell 0.9% in Tel Aviv and 1.5% in the south. The price of new homes fell 1.2% with 28.2% of new homes sold in the Israeli government's buyers fixed price program.

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