Inflationary pressures persist, with consumer prices rising by 0.4 percent in March compared to the previous month
Real estate prices in Israel experienced a decrease of 0.2 percent in January-February 2023 compared to the previous month, according to figures released on Friday by the Central Bureau of Statistics (CBS).
This is the first decline since April-May 2020, when the coronavirus pandemic began to impact the economy. New home prices also registered a decrease of 0.3 percent.
This decrease comes after several months during which the price increase slowed down due to interest rate increases by the Bank of Israel, in a context of rampant inflation inside the country and abroad. ... Read More: i24