Photo Credit: Lior Mizrahi / Flash 90
Homes in the town of Ofra.

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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Hana Levi Julian is a Middle East news analyst with a degree in Mass Communication and Journalism from Southern Connecticut State University. A past columnist with The Jewish Press and senior editor at Arutz 7, Ms. Julian has written for Babble.com, Chabad.org and other media outlets, in addition to her years working in broadcast journalism.
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