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.