Real Estate Market
Found 9 recent publications
Israeli Home Upgraders Face Steep Penalties Amid Tight Apartment Sale Deadlines
Israeli home upgraders facing strict tax deadlines are slashing apartment prices to avoid heavy penalties. With thousands failing to sell within statutory windows, many choose price cuts over steep purchase taxes.
Israel Housing Market Faces New Pressures Amid Inflation and Rate Shifts
Apartment prices in Israel rose by a minor 0.1% in May-June, sparking debate over market trends amid high interest rates, regional conflicts, and fluctuating transaction volumes in Tel Aviv.
Average Monthly Mortgage Payment in Israel Drops 4.8% Annually to 10,864 NIS
A study by the Alrov Institute shows the average monthly mortgage payment in Israel fell 4.8% annually to 10,864 NIS, with massive disparities between Tel Aviv and Be'er Sheva.
Jerusalem Housing Data Shows 2021 Buyers Gained 50% as Market Slows
A review of Jerusalem real estate transactions reveals high returns for 2021 property buyers compared to minimal gains after 2023. Despite predictions of a double-digit drop, tax authority data shows no nominal capital losses.
Dramatic decrease in land supply: housing prices will rise in the long term
The Israel Land Authority continues to show weak data regarding land marketing. A permanent director has not yet been appointed, and out of dozens of tenders, only a few are intended for high-density construction.
Almost at a peak: The average mortgage for Israelis continues to climb
Despite the ongoing slowdown in the housing market, the average mortgage continues to climb, reaching 1.117 million shekels in July — the second-highest figure ever. About 43% of new mortgages were taken for properties worth 3 million shekels or more. Contractor loans also remained at a high level, with a volume of 1.6 billion shekels, but their share of total mortgages actually decreased.
20-month record in mortgage borrowing – but the market warns: "It's an optical illusion"
Mortgage volume reached 11.5 billion shekels in July, an 8% increase year-on-year. Experts warn that these figures reflect past transactions and create a misleading sense of market health.
CBS: Sharp Decline in Households Planning to Purchase an Apartment
A CBS survey indicates a sharp decline in the share of households planning to purchase an apartment – from 8% to 3.6%. According to the director of the housing indices department at the bureau, the data reflects a slowdown in the market.
Over 30% Jump in Israelis Taking High-Financing Mortgages
A resurgence in the housing credit market: Bank of Israel data reveals the distribution of financing rates and the risk levels taken on by borrowers. Additionally, the data highlights how many Israelis are allocating up to 40% of their monthly income to mortgage payments.