Israel : The price of apartments rose by 3.6% on average.

The apartment prices rose 3.6% on average in the third quarter in Israel according to a statement from the Ministry of Housing, this Tuesday. The survey shows that the price of a 4 room apartment rose 10% in the area of Tel Aviv, Beersheva 6%, 4% in Petah Tikva and Modi'in, and 1% in Jerusalem. The information provided by the department contradicts somewhat the figures provided by contractors last week, which showed increases of much higher prices in Jerusalem and more moderate increases in Petah Tikva and Modi'in.

The Israeli Ministry of Housing is simultaneously sold 5859 homes in 20 cities, to try to fight against the constant increase in house prices. 1117 homes and will be placed on the market in Jerusalem, 842 in Beersheba, 336, Rehovot, Rishon Lezion to 349, and 188 in Tel Aviv.