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
Showing posts with label home prices. Show all posts
Showing posts with label home prices. Show all posts
Tuesday, March 20, 2012
Wednesday, September 21, 2011
Conflict doesn’t hurt home prices long term
Conflict doesn’t hurt home prices long term, study finds
In Israel, war does not cool the real estate market.
Israel's assault on the Gaza Strip, Operation Cast Lead, lasted from 12/2008 through 1/2009.Once it was over, it took time for the real estate market to recover, there was a six-month slowdown., but once normalcy was restored, people rushed to buy apartments, and prices began to rise.
Between July and August 2006, all residents of northern Israel lived in air raid shelters, during the Second Lebanon War. It had an immediate impact on prices, but it had no long-term effect at all. Israelis are so used to conflicts that for them everything goes back to normal in just a few months.
In Israel, war does not cool the real estate market.
Israel's assault on the Gaza Strip, Operation Cast Lead, lasted from 12/2008 through 1/2009.Once it was over, it took time for the real estate market to recover, there was a six-month slowdown., but once normalcy was restored, people rushed to buy apartments, and prices began to rise.
Between July and August 2006, all residents of northern Israel lived in air raid shelters, during the Second Lebanon War. It had an immediate impact on prices, but it had no long-term effect at all. Israelis are so used to conflicts that for them everything goes back to normal in just a few months.
Subscribe to:
Posts (Atom)