30.08.2011                      30.Aw-Elul, 5771                      Rosch Chodesch 1

Statistik:

Housing sales drop 16%, prices slip 3% in Q2

Already in the second quarter of the year, sales showed a 16% decrease as compared to both the first quarter of the year and the second quarter of 2010.

The local real estate market did not need the tent protests to start cooling down, and may have just jumped on the bandwagon. Already in the second quarter of the year, sales showed a 16% decrease as compared to both the first quarter of the year and the second quarter of 2010.
This steep drop follows an 11% decrease in the number of sales closed in the first quarter of 2011, as compared to the fourth quarter of 2010, according to a report by the Finance Ministry's State Revenues Administration….