29.05.2012 - Israeli real estate market slides in global rankings
After years in the top ten of the "Global Property Guide" rankings, Israel's ranking fell to 27th place out of 36 markets in the first quarter of 2012. The magazine's quarterly review of changes in property prices shows that home prices in Israel fell 3.2% in the first quarter in nominal terms compared with the corresponding quarter of 2011, and fell 0.6% compared with the preceding quarter. Property prices in inflation-adjusted terms were 4.9% lower in the first quarter than in the corresponding quarter...............................................Full Article: Source
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