Real Estate

The latest data from the Central Bureau of Statistics underscores the severe challenges faced by the real estate sector, pointing to a historic low in new apartment sales. In October, amidst the outbreak of war, a mere 930 new apartments were sold, with only 89 benefiting from government housing programs and discounted rates per resident

In a recent report from the Chief Economist Division at the Ministry of Finance, November 2023 witnessed a partial rebound in housing market activity compared to the previous month. However, the numbers remain alarmingly low, marking the lowest level of transactions recorded in November over the past two decades

After a prolonged period of stagnation, apartment prices in Israel saw a notable uptick towards the end of 2023, marking the first increase in ten months. According to the latest data from the Central Bureau of Statistics (CBS), the housing price index revealed a 0.7% rise in apartment prices during the months of November and December 2023 compared to the previous two months

In a recent review published by the Division of the Chief Economist in the Ministry of Finance, the residential real estate market in January 2024 displayed significant signs of recovery, particularly in the segment of new apartments

In a report released today by the Chief Economist Division of the Ministry of Finance, February's real estate transactions depict a nuanced picture of recovery, particularly in the new apartment market. Despite challenges posed by the ongoing war, the data suggests a gradual rebound in certain segments of the housing sector