Government Struggles to Contain Prices Home Prices Climb, but Israelis Keep Buying Out of Fear

Tel Aviv and Ashkelon lead the increase while Jerusalem, Rehovot and Rishon Letzion see decline.

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Prices for four-room homes in 16 surveyed cities rose 1.9% in the third quarter of the year, the government Assessor's Office reported Sunday, with the sharpest increases registered in Tel Aviv and Ashkelon....