18.12.2012 - Real estate prices climb in Tel Aviv region since 2000, but lag elsewhere
Real estate prices in Tel Aviv increased 71% between 2000 and 2011 after adjusting for inflation, while rises elsewhere were much lower - and there were even some decreases. According to a report by the IDC Herzliya's Gazit Globe Real Estate Institute, a main reason was a lack of new homes planned for the Tel Aviv region relative to the population. The report's findings will be presented tomorrow at an IDC conference called "How to burst the real estate bubble." The report was put together by Prof. Zvi Eckstein, dean of the IDC School of Economics; Dr. Efrat Tolkowsky, head of the Gazit Globe institute; and research assistant Nitzan Tzur............................................Full Article: Source
Print