According to the Central Bureau of Statistics (CBS), new home purchases in Judea and Samaria have surged by 38% from January to June 2005, as compared to the same period last year. The rate was even higher in Jerusalem, an area that was battered by terrorist attacks since the start of the Oslo war in September 2000, with sales of new homes rising by 52.5%.
Israel’s real estate sector was hard hit by the Oslo war which sent the economy into a tailspin. But unlike the general economy, the real estate market has only recently begun to recover from the impact of that war.
Jews Moving to Into Jerusalem, Judea and Samaria
Despite the disengagement that saw 10,000 Jews uprooted from their homes in Gaza and northern Samaria, the flow of Jews into Judea and Samaria has accelerated to record levels in recent months.
According to the Central Bureau of Statistics (CBS), new home purchases in Judea and Samaria have surged by 38% from January to June 2005, as compared to the same period last year. The rate was even higher in Jerusalem, an area that was battered by terrorist attacks since the start of the Oslo war in September 2000, with sales of new homes rising by 52.5%.
Israel’s real estate sector was hard hit by the Oslo war which sent the economy into a tailspin. But unlike the general economy, the real estate market has only recently begun to recover from the impact of that war.