Nahariya Second-Hand Apartment Prices Show Resilience Amid New Construction Wave
A recent study reveals that second-hand apartment prices in Nahariya remain stable close to early 2026 levels, defying expectations of sharp drops despite strong new construction competition.
Second-hand apartment prices in Nahariya are holding steady close to the levels of the first half of 2026, defying expectations of sharp market drops, according to a recent study by the Gestfreund-Marko research unit. The analysis, which examined 48 second-hand transactions reported to the Tax Authority between August and October, indicates general price stability despite heavy competition from new residential construction.
Price Trends and Transaction Analysis
Researchers compared each sold property against expected price levels from January through June 2026, factoring in neighborhood, size, building age, floor, and parking. Out of the evaluated deals, 29 properties sold below expected values, while 19 fetched higher prices. The median variance sat at 1.9% below the expected baseline. Dr. Asaf Gestfreund, managing partner and head of the firm's research unit, noted that while prices did not experience a significant drop, a minor adjustment of one or two percent cannot be entirely ruled out as more data arrives.
Monthly figures showed 32 transactions in August with a median negative gap of 4.2%, followed by 14 transactions in September with a 1.1% negative gap. October recorded only two reported deals, which is insufficient for statistical conclusions. Over a broader horizon, Nahariya second-hand prices climbed roughly 9% between the first half of 2024 and the corresponding period in 2025, while first-half 2026 prices dipped 2.6% year-over-year—a variance not deemed statistically significant. By comparison, Haifa registered an approximate 3% price increase over the same comparative timeframe.
Impact of New Construction and Specific Deals
The local market is heavily influenced by new developments, with approximately 42% of all transactions in Nahariya since 2024 involving newly built apartments. Between August and October, the market saw 89 contractor deals alongside the 48 second-hand transactions, including 26 units sold under discounted state housing programs. Gestfreund pointed out that sellers of older apartments face steep competition from new inventory, which suppresses upward price momentum without necessarily causing a crash.
Specific transactions highlight varied pricing across the city. A 100-square-meter apartment on HaZamir Street sold for 1.4 million shekels, roughly 5% below model projections, whereas a 119-square-meter unit on Pinsker Street fetched 2.18 million shekels—15.5% above expectations. Meanwhile, anomalous entries such as a 36-square-meter unit on HaBrosh Street selling for 1.84 million shekels and a 72-square-meter apartment on Nahalali Street trading below 500,000 shekels were attributed to reporting errors or specialized terms. Most sales occurred in the city center and Green Nahariya, reflecting overall market resilience.
