Home Prices in Israel Rose 6% in First Quarter of 2013

The average new home sold for NIS 1.5 million during January-March 2013, while the average previously owned home cost NIS 1.128 million for the same period.

The average price of new homes rose on average by 6% in the first quarter of 2013 compared to the last year’s first quarter, while secondhand homes rose 5%...