CBS: Apartment prices fall 2.2% in Q2

By GLOBES
August 16, 2011 11:45

 
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Prices in the high-end market fell more than the low-end market, but rent continued to climb, the Central Bureau of Statistics reported on Tuesday.

The average home price fell 2.2 percent to NIS 1.1 million in the second quarter of 2011 from NIS 1.3 million in the preceding quarter, according to the report.

The drop was not uniform. Prices were flat in Jerusalem; fell in Tel Aviv, the Sharon, and the South; and rose in Haifa and the North, and in Tel Aviv suburbs in the Dan and Central regions.

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