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.
(photo credit: The Jerusalem Post)