Housing Ministry: Israeli home prices rose 9.1% in 12 months, outpacing increase in salaries
It takes the equivalent of 135 monthly salaries to buy a home in Israel.
Home prices are still increasing, according to the latest survey to be published on the matter. Home prices increased 9.1% in the 12 months between March 2012 and February 2013 after adjusting for inflation, according to the information and economic analysis division of the Housing and Construction Ministry.
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