Finance Ministry announces decline in real estate activity

By JPOST.COM STAFF
November 23, 2010 16:37

The Finance Ministry on Tuesday announced that in the third quarter of 2010 the rate of decline in real estate transactions had witnessed a significant acceleration, Israel Radio reported.

In the third quarter of 2010 nearly 23 thousand apartments were sold, and this is the lowest level of activity since 2006, the Finance Ministry concluded.During the corresponding period last year there was only a decrease of nineteen percent.


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