Israeli Housing Market Shows Price Stability Amid Transaction Freeze

Real Estate Market Stability Amid Deep Transaction Freeze

Apartment prices in Israel continue to show remarkable stability following a slight 0.1% increase recorded by the Central Bureau of Statistics for the May-June period compared to April-May. Despite an overall market slowdown marked by a deep freeze in real estate transactions—as highlighted by recent data from the Chief Economist at the Ministry of Finance—actual sales data from across the country reveal ongoing market activity in various cities.

Recent Second-Hand Apartment Transactions

To shed light on the current housing market, national brokerage networks tracked recent secondary-market deals across several key locations:

Beersheba: A 4-room apartment on Jerusalem Boulevard in Neighborhood Tet (93 sqm, 3rd floor of 8, with elevator and parking) was sold for 920,000 NIS. A 4-room apartment on Eshkolit Street in Ramot (116 sqm, 4th floor of 5, with a 14 sqm balcony, elevator, parking, and safe room) fetched 1.42 million NIS. A 4-room apartment on Dafna Street in Sigaliot (143 sqm, 7th floor of 9, with a 16 sqm balcony, elevator, parking, and safe room) was sold for 1.5075 million NIS.
Kiryat Gat: A 3-room apartment on Gath Boulevard (75 sqm, 2nd floor of 4) was sold for 1.16 million NIS.
Bat Yam: A 3-room apartment on Ma'avar Yishai Street (60 sqm, 3rd floor of 3) was sold for 1.65 million NIS. A 3-room apartment on HaRav Levi Street (70 sqm, 3rd floor of 4, with parking) fetched 1.85 million NIS. A 3-room apartment on Frigate Street (70 sqm, 18th floor of 26, with a 12 sqm balcony, elevator, parking, and safe room) was sold for 2.9 million NIS.
Ramat Gan: A 4-room apartment on Jabotinsky Street (118 sqm, 14th floor of 28) was sold for 4.38 million NIS.
Pardes Hana-Karkur: A 5-room cottage on HaMizmor Street (160 sqm) was sold for 3.775 million NIS.
Harish: A 4-room apartment on Narkis Street (96 sqm, 2nd floor of 6, with a 12 sqm balcony, elevator, parking, and safe room) was sold for 1.35 million NIS. A 4-room apartment on Tamar Street (97 sqm, 3rd floor of 6, with a 12 sqm balcony, elevator, parking, and safe room) fetched 1.53 million NIS.
Tiberias: A 3-room apartment on King David Street (77 sqm, 2nd floor of 3, with a 25 sqm balcony) was sold for 845,000 NIS.