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13,000 New Apartments Built in Israel; Citrus Exports Up 20 Percent

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A minor rise in real estate prices, a substantial rise in industrial prices and an increase in Israel’s foreign currency reserves were among the highlights of the Bank of Israel’s periodical economic survey, released here today. The survey showed that, in the first quarter of this year, 13,000 new apartments were built in Israel, and that prices of real estate rose by only 4 percent from October, 1964, to March, 1965. Output of citrus fruits rose by 15 percent, and exports by 20 percent, compared with the slump season of last winter.

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