Home prices in Israel continue falling
Home prices in Israel fell in December and January and have risen 1.2% over the past year. Inflation is running at 0.2% annually, Globes with reference to the Israel's Central Bureau of Statistics reports.
The fall in home prices continues according to the latest figures published by the Central Bureau of Statistics. Home prices fell 1% in December 2017- January 2018 compared with the previous two months. Over the past 12 month housing prices have risen 1.2%.
Prices of new homes fell a steeper 2.1% in December 2017- January 2018 compared with the previous two months. Over this period according to regions, housing prices fell 3.1% in the Jerusalem area, 3.6% in the north, 0.4% in Haifa, 0.3% in the center of the country, 0.8% in Tel Aviv, and 0.6% in the south.
The Consumer Price Index (CPI) rose a negligible 0.1% in February, the Central Bureau of Statistics reported. Inflation over the past 12 months is 0.2%. Notable price rises in February were in fresh fruit (9.4%) and transport (0.8%). Notable price falls were in clothing (4.6%) and fresh vegetables (2.2%).