Home prices rebound

The Central Bureau of Statistics reports that home prices rose 0.6% in December 2011 compared to the previous month (based on the home price index).
At the end of the third quarter of 2011, the price of an average Israeli home (excluding new homes) stood at NIS 1.08 million

How much costs to buy a house?

Home prices double OECD average in salary terms
Israelis need 191 average salaries to buy a five-room apartment, double the
OECD average of 96 monthly salaries.
90 salaries are needed to buy an apartment in France,
71 salaries are needed in the UK,
60 salaries in the US,
54 salaries in Germany,
30 salaries in Sweden.
In Israel, 138 salaries are needed to buy a four-room apartment, and 91
salaries are needed to buy a three-room apartment

Aliah to Israel in 2011; number of households per city

1, 598 households in Jerusalem

895 Haifa

728 Zfat

645 Natania

643 Beer sheva

562 Tel aviv

Leumi Mortgage Bank CEO : Home prices won't fall dramatically

In response to the question of what will happen to apartment prices,Shuki
Burshstein does not have a clear-cut answer,"It is extremely difficult to
say what will happen in the future, since on the one hand we are in the
midst of a global crisis that is harming the Israeli economy, and growth has
slowed, but on the other hand, there is natural population growth, and
people have a real need for a place to live. How will this balance out? I
cannot estimate." It has been claimed that there will be fewer housing starts due to
contractors' inability to get easy finance , and that eventually prices will
once again rise.