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Real estate rose by 7.2% a year. The consumer price index rose by 0.1%
Comparing the prices of transactions made in April 2021 - May 2021 compared to the prices of transactions made in March 2021 - April 2021, it was found that apartment prices increased by 0.7%, thus completing an increase of 7.2% compared to the corresponding period last year.
The consumer price index rose by a tenth of a percent
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Consumer price index
Bank of Israel
Real Estate
Sonia Gorodisky
Thursday, 15 July 2021, 18:20 Updated: 18:32
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In line with market expectations, the consumer price index rose by 0.1% in June 2021. Apartment prices soared by 7.2% a year, the Central Bureau of Statistics announced tonight (Thursday).
Significant price increases were recorded in the fresh vegetable sections 1.4% and food 0.8%.
Significant price decreases were recorded in fresh fruit items - 8.2% - and clothing and footwear - 3.0%.
Since the beginning of the year, the consumer price index has risen by 1.6%, within the Bank of Israel's target range of 1-3%.
In the last twelve months (June 2021 compared to June 2020), the consumer price index has risen by 1.7%.
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Who will stop the rises in apartment prices?
(Photo: ShutterStock)
The surge in real estate prices
Comparing the prices of transactions made in April 2021 - May 2021 compared to the prices of transactions made in March 2021 - April 2021, it was found that apartment prices increased by 0.7%, thus completing an increase of 7.2% compared to the corresponding period last year (April 2020 - May 2020).
In the segmentation of changes in housing prices by district in April 2021 - May 2021, compared with March 2021 - April 2021, price increases were found in the following districts:
North 1.4%, Tel Aviv 1.3%, Haifa 1.2%, South 0.9% and Jerusalem 0.1%; In contrast, the Central District remained unchanged.
In the segmentation of changes in apartment prices by district compared to the corresponding period last year, April 2021 - May 2021 compared to April 2020 - May 2020, price increases were recorded in all districts: North 8.8%, Central 7.3%, Tel Aviv 6.9%, Jerusalem 6.8%, Haifa 6.1% and South 6.0%.
In the price index of new dwellings, it was found that their prices increased in the months April 2021 - May 2021 compared to March 2021 - April 2021 by 2.9%, thus completing an increase of 3.7% compared to the corresponding period last year (April 2020 - May 2020).
The percentage of transactions made with government support and participated in the calculation is 25.6% compared to 27.5% in the previous period (March 2021 - April 2021.).
Bank of Israel.
Inflation in the forecast range, but what will happen to the real estate market (Photo: Reuters)
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