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Israel: “Home price fall is temporary”

Posted on 03 January 2012

DS Securities & Investments is not overly excited about Central Bureau of Statistics data that show a rise in real estate sales and demand for November. They note that these data do not show a change in the housing market trend, and claim that housing prices will fall in the upcoming year.
“There was slight improvement in the real estate market in November, following the fall the previous month, which was apparently due to the holidays,” says DS macroeconomist Alex Zabezhinsky. Zabezhinsky also says that despite the rise in the number of apartments sold and mortgages taken, the increased supply should ultimately bring prices down………………………………………..Full Article: Source


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