Housing purchases fall for third straight quarter

Jerusalem led in housing gross sales within the first quarter of 2025, with 1,554 flats bought within the metropolis, the Central Bureau of Statistics studies. In second place was Tel Aviv, with 1,174 flats bought, adopted by Haifa (1,084 flats), and Beersheva (1,002 flats). The variety of housing offers within the first quarter was

23,600 housing transactions have been accomplished within the first quarter of 2025, down 9% from the primary quarter of 2024, and down 6% from the previous quarter. That is the third consecutive quarter by which there was a lower within the variety of transactions. Since June 2024, there was a median month-to-month lower of two.6% within the sale of recent flats, and since November 2024, a median month-to-month lower of two.3% within the variety of second-hand flats bought.

Lower within the variety of housing offers in massive cities

That is additionally mirrored in municipal information, and in numerous the large cities, declines have been reported within the variety of transactions, particularly in new flats. In Jerusalem, out of the 1,554 flats bought within the first quarter, 38% have been new flats. Furthermore, the variety of new flats bought on this quarter fell by 23% from the fourth quarter of 2024. In Tel Aviv, out of the 1,174 houses bought within the first quarter, 45% have been new flats. This can be a shocking determine, since in recent times the vast majority of purchases in Tel Aviv have been of recent flats. This is because of a 41% fall within the buy of recent flats.

In Haifa and Beersheva, with 1,084 and 1,002 flats bought respectively bought within the first quarter, a lot of the markets in these two cities have been based mostly on second-hand flats, and solely 18% of the flats bought in every of those cities have been new flats. Each cities noticed sharp declines within the numbers of recent flats bought: in Haifa, 44% and in Beersheva, 52%.

Lod was ranked fifth when it comes to condo purchases, and high when it comes to new flats bought with a report 620 new flats bought, beating Jerusalem in second place with 598 new flats bought within the first quarter and Tel Aviv with 538. A complete of 880 flats have been bought in Lod, adopted by Netanya (725) and Petah Tikva (721). These two cities additionally noticed declines in new condo gross sales.

This decline has led to a continued enhance within the provide of unsold new flats, which reached 78,620 housing models on the finish of March, 12.5% of which (9,790 flats) are in Tel Aviv, and 9% (7,384) in Jerusalem.

Different cities that stand out when it comes to unsold new flats are Bat Yam (4,092), Ramat Gan (3,669) and Netanya (3,531).

Printed by Globes, Israel enterprise information – en.globes.co.il – on Could 14, 2025.

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