A comparison of the prices of transactions executed in October 2018 – November 2018, compared to the prices of transactions carried out in September 2018 – October 2018, found that house prices fell by 0.4%.
A comparison of the transactions executed during the current period compared with the same period last year, i.e. October 2018 – November 2018, compared with October 2017 – November 2017, found that house prices fell by 2.3%.
When one takes a look at the districts, one finds the following results: Jerusalem (-1.4%), North (-0.7%), Haifa (0.9%), Center (-0.1%), Tel Aviv (-1.1%) and South (1.1%).
Following the decline, the chairman of Kulanu and Finance Minister Moshe Kahlon said: “We have registered another tremendous social and economic victory. We have to remember that we are acting contrary to the interest that characterized the Lapid-Netanyahu government, stop speculating on state land and place the right of young couples to buy an apartment at a fair price at the center of our policy.”
“The time has come to say clearly: There are politicians, interested parties and speculators who want to go back to a policy in which a small minority in Israeli society oppresses and abuses the majority of the public, who work hard to make a living.”
“I will not give in to the threats and the campaign of intimidation aimed at stopping our social projects. I will not raise taxes and I will not betray my obligation to act for those who are the foundation of Israeli society.”
(YWN Israel Desk – Jerusalem)