Real estate prices have risen by 7.2% since the beginning of the year

According to earlier forecasts, the consumer price index rose by 0.1% in June, with the index rising by 1.6% since the beginning of the year, and by 1.7% in the last 12 months. It should be noted that economists expected the index to be zero but an increase of up to 0.2% is considered within the range of economists' forecasts.
Real estate prices have risen by 7.2% since the beginning of the year, while prices in Tel Aviv have risen by 6.9%, in the northern region prices have risen by 8.8%, in the central area house prices have risen by 7.3%, in Jerusalem house prices have risen by 6.8%, in Haifa Prices rose by 6.9% and in the southern region prices rose by 6%.
Bank Leumi's chief economist, Gil Baffman, estimated that apartment prices will rise at a double-digit rate this year, and the rate of increase in apartment prices does indeed match Baffman's assessment that he is considered one of the top economists in Israel.
Data from the Central Bureau of Statistics also show that the residential construction input index rose by 0.6% in June, while the office construction input index rose by 1%. Since the beginning of the year, the residential construction input index has risen by 3.4%, a very sharp increase. In the last 12 months, the index of residential construction inputs has risen at an even sharper rate of 3.7%.