A very informative article just appeared at Haaretz.com that gives some extremely interesting details about the current Real Estate market in Israel.  The article is based on figures released by the Central Bureau of Statistics in Israel.  First quarter of 2009 figures shows that apartment prices in Israel, actually rose an average of 5%.  There has been an obvious slow-down in the number of real estate transactions since the Global meltdown, but other than the luxury market, the slowdown has not drastically affected prices.  The sale of “new” apartments has slowed, but so also has building.  The commercial market in Israel is in a current oversupply situation with many deals to be had.

For a very interesting overview of several different segments of the real estate market in Israel, as well as a few investment tips, read the article at Haaretz.com

Filed under: General Information, Israel Real Estate News