Gov't Appraiser: Israeli 4-room home prices up 8% in 2015

Apartment block  picture: Tamar Mitzpi

Prices rose most in Ashkelon and Beersheva last year and least in Jerusalem.

The price of an average four-room apartment in Israel rose by 2.5% in the fourth quarter of 2015, and by 8% over the entire year, according to figures published today by the Ministry of Justice's Appraiser Tal Alderotti. These figures are in line with those recently published by both the Ministry of Construction and Housing and the Central Bureau of Statistics.

The Government Appraiser examines the price of four rom apartments in Israel's 16 largest cities. In examining 4,600 deals, the Appraiser found that prices rose most in Rishon Lezion (6%) and Rehovot (6%) in the fourth quarter of 2015, followed by Tel Aviv (5%). Prices rose least in Kfar Saba and Petah Tikva where they were unchanged. Prices rose by 3% in Jerusalem in the fourth quarter of 2015 and by 1% in Herzliya, Haifa, Netanya, and Modiin.

In all of 2015, prices rose most in Ashkelon and Beersheva (15%) and least in Jerusalem (2%). Prices rose 11% in Herzliya, 9% in Modiin, 6% in Haifa and 4% in Tel Aviv.

Published by Globes [online], Israel business news - - on February 21, 2016

© Copyright of Globes Publisher Itonut (1983) Ltd. 2016

View comments in rows
Update by email about comments talkback
Your name
Please insert your name
Hyperlink in a new window Hyperlink Right Left underline italic bold Bulleted List Ordered List Face1 Face2 Face3 Face4 Face5 Face6
Your comment

You comment was recieved and soon will be published.
In posting comments, I agree to abide by the Terms of Use
Globes encourages lively and frank debate, but posts that the editors consider merely abusive or otherwise inappropriate will be removed. Report inappropriate content
Thank you for posting your comment, which will be reviewed for publication.
Loading Comments...load
Load more comments
Apartment block  picture: Tamar Mitzpi
Apartment block picture: Tamar Mitzpi
Twitter Facebook Linkedin RSS Newsletters גלובס Capital  Markets Conference 2017