Israeli Housing Prices Up 15.3% In 2011

The Israeli Central Bureau of Statistics reported this week a number of interesting figures in regards to our real estate market here in Israel. Despite the decline in overall residential sales, prices have gone up 15.3% since April 2010. Additionally, the Bureau reported that prices have risen an impressive 63% since May 2007. With the summer season just beginning, we can expect prices to rise gradually over the next 2 months, consistent with the 5% rise since January.