NSO data issued today. House prices, sales decline
House prices dropped by 2.83 percent in the first quarter of this year, according to NSO data issued today, September 10 2009. (Download NSO data in PDF format by clicking here.)
The NSO said that the All-Property Price Index stood at 156.99, a decline of 2.83 percent compared to the corresponding period last year.
"This primarily reflected a decrease of 5.26 percent in the apartments index, and of 2.19 percent in the maisonettes index, compared to the corresponding quarter last year.
"However, when compared to the corresponding period in 2007, prices were up by 13.42 percent," the NSO said.
The All-Transactions Volume Index showed that the number of transactions in the first quarter of 2009 declined by 15.11 percent when compared to the corresponding period in 2008. This year's volume indices were also the lowest in the six-year period under review.
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