In Israel, home prices may fall

Since 2009, real estate in Israel has risen in price by 40% - this is the highest rate of house price growth among OECD countries (Organization for Economic Cooperation and Development), reported the online source Newsru.co.il citing data from the research results of one of the largest commercial banks Goldman Sachs in the world. According to the source, the prices for apartments in Israel will continue to grow over the next year, but in the long term (approximately five years) it is likely that real estate is cheaper by about 15%. According to the bank experts, this probability is 28-40%. According to the study, to other OECD countries, where there is also a rise in prices over that period, include Germany, Canada, Belgium, Norway, Switzerland, Australia, Sweden, New Zealand and others. Properties here has risen by an average of 11% in four years. In countries such as Greece, Spain, Italy, the Netherlands, Ireland et al., The cost of housing since 2009 has fallen by an average of 20%. HomesOverseas.ru