West Bank real estate prices rise significantly

September 16, 2009 09:23

The improving security situation in the West Bank in recent months has led to a major rise in real estate prices in both Palestinian and Jewish communities, Army Radio reported on Wednesday morning. According to the report, housing prices in Palestinian villages and towns in the West Bank have risen by hundreds of percent primarily because of reduced security check points and the opening of more roads to Palestinian vehicles. The value of real estate in Jewish settlements has increased as well, mostly due to reduced construction and the decrease in available housing units.

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