Apartment prices have climbed 2.6% in the past year
Vegetable and fruit prices fell by 4.2%, dragging the index down to the lower level of November projections. Home prices in Tel Aviv District rose by 1.2% in September-October The rate of inflation in the last 12 months is only 0.3%
New apartments (Photo: Eyal Yitzhar)
New apartments (Photo: Photo: Eyal Yitzhar, Globes)
The CPI in November fell 0.4%, according to the Central Bureau of Statistics tonight. This is a decline that is at the lower limit of the projections, which expect a decrease of between 0.3% and 0.4%. The housing price index, on the other hand, recorded a 0.6% increase, bringing the overall rise in house prices to 2.6% in the last 12 months.
Following the release of November's index data, the twelve-month inflation rate stands at only 0.3%, and from the beginning of the year the CPI rose by 0.6%. Notable price declines were recorded in fresh vegetables and fruits, down 4.2%, footwear down 2.1%, transportation down 1.1% and home furniture and equipment down 0.9%. However, it should be noted that November is traditionally considered a month of price declines, due to the fall in overseas flights prices and seasonal declines in fruit prices.
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To the full article The housing price index, published in conjunction with the Consumer Price Index, shows that transaction prices in September-October were 0.6% higher than transaction prices in August-September. In this way, house prices have increased by 2.6% compared to the same period last year (September-October 2018).
In the segmentation of housing price changes by districts in September-October compared with August-September, price increases were found in the districts: Tel Aviv 1.2%, Northern 0.7%, Center 0.5%, South 0.3% and Jerusalem 0.1%; In contrast, a 0.4% price drop was recorded in Haifa.
In the segmentation of housing price changes by districts compared to the corresponding period last year, September-October versus September-October 2018, prices were found in all districts with the most prominent ones recorded in the districts: Tel Aviv 3.4%, Northern 2.8%, Jerusalem 2.1% and South 2%.
The price of new housing prices has been found to fall 0.6% in September-October compared to August-September. The percentage of transactions carried out with government support and participating in the calculation is 52.5% compared to 50.2% in the previous period (August - September).
