|
Monday, 21 February 2011 13:26 |
|
Government Assessment Review found that the real estate market in Eilat does not enjoy the staggering price increases like other parts of the country. In The past two years, apartment prices rose by 7.4 percent in Eilat - in Tel Aviv and Haifa, an increase of over 40 percent in the last quarter of 2010, Eilat was the only place where there was a drop in housing prices.Eilat housing prices rose the last two years at 7.4 percent. This is a low increase compared to what is happening in the rest of the country: Tel Aviv apartment prices rose last two years at -46.4 percent. Haifa - 42.3 percent. Beer Sheva - 36.6 percent. Ashkelon - 34.2 percent. Rishon Lezion - 33.9 percent. Netanya - 31.9 percent. Petah Tikva - 30.4 percent. Jerusalem - 24.8 percent and Ashdod - 23.7 percent.According to government assessor, in 2010 there was a 13.7% nationwide increase in apartment prices. Eilat prices rose less than five percent.In the last quarter of the year. Eilat is the only place in Israel, where apartment prices declined during the last quarter of 2010.
|