Housing Prices in Israel Continue to Rise; Tel Aviv Sees Slight Drop

Nationwide, apartments cost 6.7% more in late 2012 than they did in late 2011; average 4.5-5 room apartment in Tel Aviv cost $850,000, down 15% from 2011.

Home prices in Israel are rising, according to new data released by the Central Bureau of Statistics, although Tel Aviv reportedly saw a dip during the...