Bloomberg News

Israel Says Number of Homes Purchased for Investment Declines

June 06, 2011

June 5 (Bloomberg) -- The number of homes purchased as an investment dropped by 14 percent in the first quarter from the same period last year, Israel’s Finance Ministry reported in an e-mailed statement today.

Some 25.8 percent of all home purchases in the first quarter were for investment, the lowest level since 2004, the ministry said.

To contact the reporter on this story: Alisa Odenheimer in Jerusalem at aodenheimer@bloomberg.net

To contact the editor responsible for this story: Louis Meixler at lmeixler@bloomberg.net


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