Q2 data points to rising home prices across country

August 12, 2012 16:36

The average price for a four-room apartment increased by 1.9 percent in the second quarter, the Justice Ministry’s Real Estate Appraisal Department said Sunday.

Prices rose in 11 of the 16 cities surveyed, climbing 6% to an average NIS 2.44 million in Tel Aviv, 5% in Modi’in and Eilat, and 2% in Jerusalem and Beersheva. They were unchanged in Petah Tikva, Rishon Lezion, Ashdod and Ramle, and fell by 3% in Herzliya.

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