Apartment prices fall but rents rise

Although the trends were uneven, on the whole, apartment prices in Israel fell in the second quarter of this year, while rents rose. The average home price fell 6.5% in Tel Aviv to NIS 1.83 million in the second quarter from NIS 1.96 in the preceding quarter, and fell by 0.2% in Jerusalem to NIS 1.53 million from NIS 1.54 million. The drops affected the high-end market more than the low-end