Ministry of Finance: The city where developers offer the most benefits
According to Ministry of Finance data, apartment sales jumped by 50% in June compared to the same period last year, during the war with Iran. Despite the growth, the market remains mixed, with Netanya leading in financing benefits offered to buyers.
In June, 8,757 apartments were purchased, including second-hand, new, and government-subsidized units, marking a 50% increase compared to June 2025. This sharp rise is largely due to the fact that the country was at war with Iran during that period, though even when compared to June 2024, there is a 7% increase.
Does this signal a housing market recovery? Unlike mortgage data, which recorded a record high of over 11.5 billion shekels, transaction contracts are reported based on the month of signing. According to Ministry of Finance data, the growth was driven by the second-hand and government-subsidized segments. Compared to May, total transactions rose by 6%.
Excluding government-subsidized transactions, the free market saw 7,550 apartment sales in June—a 42% increase compared to June of last year. There was no change compared to June 2024, and a 7% increase compared to May.
Significant jump — only in Netanya (data: CBS)
A multi-year comparison of free-market transactions in June shows that June 2026 levels remain in the bottom third of the ranking since the early 2000s, primarily due to the second-hand market.
In the developer sector, sales totaled 3,593 units (including subsidized ones), an 84% increase from the particularly low levels of June 2025 during Operation "Am Kelavi". Compared to June 2024 or the previous month, there was almost no change.
The rate of new apartments sold "on paper" stands at 57%. A year ago, this figure was 60%, though this is difficult to compare due to the variance in total transaction volumes. There is a clear downward trend in "on paper" sales—the level stood at 67% before the Supervisor of Banks restricted developer promotions.
Financing benefits
Transactions involving financing benefits in the five main regions accounted for 23% of total developer sales—up 3 percentage points from the previous month but down 14% from a year ago.
"In the central region and Netanya, rates range between 32% and 36%. Netanya is the leading city outside the center, where financing benefits are provided in one-third of all transactions," the report states.
It appears that buyers in this area prefer financing benefits over additional discounts from the developer.
