Israel National NewsEconomy
Israel Home Prices Decline Amid Slowing Sales, Buyers Advised to Wait
Summarized from Israel National News by baba
RightNeutral tone
Israel's home prices fell 1.8% year-over-year in July-August as sales slowed, leaving over 85,000 new homes unsold. Housing Ministry Director-General Yehuda Morgenstern expects prices to continue falling moderately. Buyers are advised to wait, especially in markets with high inventory, while rents have risen nearly 4%.
The story in 6 lines · by baba
- Israeli home prices dropped 1.8% year-over-year in July-August.
- Over 85,000 new homes remain unsold nationwide.
- Housing Ministry expects prices to fall further but not dramatically.
- New home sales in Tel Aviv fell by over 60% in Q3.
- Rents have increased by nearly 4% over the past year.
- Buyers are advised to wait for potentially better deals.
Israel National News publishes in English. The key points are summarized above. Read Israel National News’s full report from the link at the top of the page.
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