Home prices fall for first time in 30 months

Average price of a four-room apartment in the 16 cities covered by the government assessor’s survey was 1.2 percent less in the third quarter than in the preceding quarter.

By EINAT PAZ-FRANKEL
November 13, 2011 23:47
1 minute read.
House hunting 521

House hunting 521. (photo credit: Courtesy of Hitorerut)

Home prices fell in the third quarter of 2011 for the first time in 30 months, the government assessor reported Sunday.

The average price of a four-room apartment in the 16 cities covered by the government assessor’s survey was 1.2 percent less in the third quarter than in the preceding quarter. It was 6.8% higher than in the third quarter last year.

Be the first to know - Join our Facebook page.


Tel Aviv had the biggest drop in the average price of a four-room apartment in the third quarter compared with the preceding quarter – down 6% to NIS 2.39 million. The second-most expensive city was Herzliya, where the average price of a four-room apartment fell 2% to NIS 1.74m. The third-most expensive city was Jerusalem, where the average price of a four-room apartment rose 2% over the preceding quarter to NIS 1.7m.

The average price of a four-room apartment fell 4% in Bat Yam to NIS 1.44m. and in Beersheba to NIS 726,000. The average price of a fourroom apartment fell 3% in both Holon and Modi’in to NIS 1.39m., 2% in Petah Tikva to NIS 1.34m. and 1% in Rishon Lezion to NIS 1.39m.

The average price of a four-room apartment was unchanged in Kfar Saba at NIS 1.53m., in Netanya at NIS 1.23m.

and in Rehovot at NIS 1.26m. The average price of a four-room apartment rose 1%-2% in Ashdod to NIS 1.14m., Ashkelon to NIS 823,000 and in Haifa to NSI 1.17m.


Related Content

The Teva Pharmaceutical Industries
April 30, 2015
Teva doubles down on Mylan, despite rejection

By GLOBES, NIV ELIS

Israel Weather
  • 15 - 24
    Beer Sheva
    17 - 22
    Tel Aviv - Yafo
  • 13 - 19
    Jerusalem
    16 - 22
    Haifa
  • 20 - 28
    Elat
    17 - 27
    Tiberias