10.01.2012 - Tel Aviv housing market: Deep freeze in the north, thaw in the south
The average closing price for home sales in Tel Aviv dropped 13% from the third quarter of 2010 to the third quarter of 2011, according to MNA Real Estate Research. This wasn't just due to falling demand, it also reflected a shift of activity toward cheaper neighborhoods in the more rugged south. MNA's survey reveals that homebuyers in the city have recently been enjoying a better bargaining position, with sellers having to compromise. The decline in prices intensified toward the end of the year...........................................Full Article: Source
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