Over half of real estate executives surveyed expect Tel Aviv rents to remain unchanged over 12 months.
52.7% of real estate executives in Israel expect a drop of over 10% in the prices of luxury apartments in Israel, while 15.8% of the executives forecast prices of luxury apartments to rise by more than 10%.
The figures are reported in a survey of real estate executives in Israel, by accounting firm Deloitte Brightman Almagor and Zohar.
31.6% of the respondents did not expect any change in the prices of luxury apartments.
57.9% of respondents believe that in the next twelve months rents in the Tel Aviv area will remain steady, while 31.6% expect rents there to rise by up to 10%, and 10.6% feel rents will fall by more than 10%.
Published by Globes [online], Israel business news - www.globes-online.com - on September 14, 2009
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