Home prices in Israel rose by an average of 9.6% a year between 2007 and 2014, according to figures presented by Bank of Israel Deputy Governor Dr. Nadine Baudot-Trajtenberg at Tel-Hai College. She said that the home-price index rose by 97.3% since April 2007, while the rent-price index rose by 46% over the same period – 5.1% each year.
In real terms, according to the data, apartment prices in Israel have risen 63.9% since 2007 – 6.9% a year. In an international comparison, from 2000 to 2013, Israel ranks roughly in the middle: during the same period, home prices in Canada, Sweden, and the UK rose more, while in the US, Ireland, and Japan, prices rose less, and in some countries home prices decreased… [READ MORE]
Published by Globes [online], Israel business news – www.globes-online.com