Average house prices in Israel completed a 1% increase in just two months. Largest increase recorded was in the Tel Aviv district (2.1%), followed by Haifa (1.3%) and Jerusalem (0.7%) The only district in Israel where a decrease was actually recorded was the North District, with a decrease of 0.2% on average.
According to the index, the prices of new apartments remained unchanged in comparison between the aforementioned periods. It seems that forecasts for higher inflation contributed to the Bank of Israel's decision to leave interest rates unchanged last week. The increase in housing prices In 1%, she is only the swallow for the continuation. The main index that affects the prices is the rental prices and the hints of continued recovery in the apartment market seem clear. Bank of. Israel figures indicate a significant increase in mortgage volumes, which currently stand at NIS 6.23 billion, which also indicates a return to reasonable activity in real estate transactions. The average annual increase in apartment prices is 0.3%.