Photo Credit: Lior Mizrahi / Flash 90
More than 99,000 homes were sold last year in Israel (99,171, to be exact), according to a report by the Chief Economist of the Ministry of Finance.
The figure is 10.5 percent lower than it was in 2016, when 110,806 homes were sold.
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However, consumers did not see a corresponding drop in prices; instead, according to the Central Bureau of Statistics, prices rose 2.4 percent in the 12-month period ending November 2017.
In December 2017, the number of homes sold (8,800) was down 20 percent from the same month a year earlier, the Chief Economist reported. And of those, 1,000 homes were part of the government Price Fixed Buyer program, according to Globes.
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