Israel real estate keeps going…up
Written by: Zack Miller | January 12, 2009
In the face of global chaos, Israeli real estate prices still found a way to go up over 10% for 2008. While most of the gains came in the first 3/4 of the year, prices have gone up even more in places like Petach 
Tikva and Modiin, both with yearly price gains of over 20%.
From Globes:
Tel Aviv suburb Petach Tikva led the price rise in 2008 with the average apartment climbing 22% in price to NIS 856,000 last year. In second place was Modi’in where the price of the average apartment rose 21% to NIS 1,031,00. The average apartment in Rishon Lezion and Yavne rose by 17% to NIS 926,000 and NIS 587,000 respectively. The average apartment in Givat Ze’ev recorded a 16% rise to NIS 852,000. Prices rose 15% in Ramat Gan to NIS 1,037,000 and 14% in Tel Aviv to NIS 1,214,000. The average apartment price in Mevasseret Zion rose by 14% in 2008 to NIS 1,218,000 and by 10% in Jerusalem to NIS 1,060,000.
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