By September 13, 2018 Read More →

Real estate deal volume in Tel Aviv hits 15-year low

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Housing prices in Tel Aviv fell 9% in 2017-2018, the Ministry of Finance reports.

From Globes:

The volume of real estate deals in Israel is still declining, and reached its lowest point since the social protests in 2011. As a result of the dearth of purchases by investors, the volume of deals in the second quarter of 2018 reached the lowest point since the beginning of the decade.

The volume of purchases in the Tel Aviv region was the lowest since the days of the intifada and the recession in the first quarter of 2003, according to a survey of the second quarter of the year published by the office of the Ministry of Finance chief economist.

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