Israeli house prices rising faster and faster
This content is archived.
The average price of owner-occupied dwellings in Israel rose by 8.45% during 2014, to ILS 1,352,800 (US$ 349,379). House-price growth picked up strongly from earlier price rises of 5.94% year-on-year (y-o-y) to Q3, 6.84% to Q2, and 4.42% to Q1, according to the Central Bureau of Statistics (CBS).
When adjusted for inflation, house prices rose by 8.66% in 2014. On a quarterly basis, nationwide house prices rose by 2% (2.1% in real terms) during the latest quarter, Q4 2014.
Gush Dan saw the highest house price increase during the year to Q4 2014, with prices rising by 14.69%. It was followed by the Southern district (13.81%), Sharon (10.98%), Tel Aviv (10.19%), and the Center and Jerusalem Periphery Towns (9.26%).
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