Prices rise in first quarter

Apartment prices in Israel rose in the first quarter of this year 15.9%, compared to first quarter of 2009  according to a survey conducted by the Central Bureau of Statistics. Tel Aviv apartment prices rose last year at a rate of 32.3%, 15.3% in Haifa and 17.4% in Jerusalem.

Jerusalem saw a rise of 5.1% Average apartment prices. Jerusalem apartments sold at an average price of 1.3 million in the previous quarter.Small apartments of 1.5-2 rooms declined about 5% , 2.5 to 3 rooms apartment prices rose by nearly 9% to 1.15 million; 3.5 to 4 room apartments rose by 4% to 1.5 million. Dwellings from 4.5 to 5 rooms and recorded an increase of 3% to 1.9 million. 

There was a marked jump  in prices in the first quarter; 12.2%.   Overall, in Tel Aviv there was a notable increase in prices was recorded in small apartments 1.5-2 rooms, very popular among investors, jumped by 11.6%.

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