Housing Ministry: Home prices still rising fast

By GLOBES
May 12, 2013 13:31

Ministry of Housing and Construction figures for the first quarter of 2013 show that new home prices rose by at least 6 percent (in real terms), compared with the corresponding quarter of 2012, and that second-hand home prices rose by 5% (in real terms).

New home prices rose by 3% (in real terms), compared with the preceding quarter, and second-hand home prices rose by 1% (in real terms).

Home prices have risen nationwide by tens of percent since 2007, except for a few minor corrections.


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