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Israel: Record dip in housing prices by mid 2013

Posted on 06 September 2011

The decline in housing prices will reach its lowest level by mid 2013, Yossi Efrati, head of ILD investment department, says in the department’s August survey and September 2011 forecast.
“The outcome of declines in demand, which will deepen even more next year, as well as growing supply which will peak next year, are expected to drive real estate prices down by 15% pursuant to the modest declines which have started in the last quarter which means that holding off on buying a flat will pay off and the perfect timing to go ahead with the purchase is sometime in mid 2013.”………………………………………Full Article: Source


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