New Israeli Home Prices Drop, Prompting Hopes for Cooling Property Market

Indication that prices might be dropping is drawing great enthusiasm from decision makers in the field, who are hoping that the upward trend seen since the end of 2007 might finally be ending.

comments Print
The Housing and Construction Ministry released data showing that the price of new homes sold between July and September came to NIS 1.583 million ($404,000) — that’s 6% less than in the second quarter of the...