Rents go up, house prices go down in Israel
Aug 17, 2010 | 0 Comment(s)
New house prices in Israel have been declining since the start of the year and continue to go down, according to the Ministry of Finance. Prices dropped by an average of 0.9% in June. Home sales also rose by 8% that month, a slower pace than the 35% surge in May. However, sales were down 6% from the same time last year.
Israel's central bank raised interest rates from 1.5% to 1.75% in July. Rents are expected to increase because of the higher rates and more stringent mortgage restrictions.
Comments
Be the first to comment on this article!
Login or Register to submit a comment!
In order to promote open and spam-free conversations, Global Property Guide moderates commetns on all articles. You can expect that your comment will be published within 24 hours.
About Us
For Journalists
UPDATES
RSS
Global Property Guide on Twitter
Global Property Guide on Facebook
Global Property Guide on Linked In
For Contributors
Country Search
Services
PROPERTY RECOMMENDATIONS
Our Newsletter
Manage subscriptions