For the primary time in many years, Haifa is the main metropolis in Israel for the variety of residential actual property transactions in 1 / 4, in keeping with the Central Bureau of Statistics actual property survey for the third quarter of this 12 months. Tel Aviv staged a considerable restoration within the quarter, whereas the brand new houses market in Beersheva has seen very low transaction numbers all 12 months.
General, the actual property market continued to be skinny within the third quarter, with 23,330 transactions in complete, greater than within the second quarter, which was even thinner, however barely fewer than within the corresponding quarter of 2924.
As talked about, Haifa topped the record, the primary time it has carried out so because the Central Bureau of Statistics started counting the overall variety of transactions per metropolis in 2018 (till then solely gross sales of recent houses had been counted), however so far as we’re conscious that is truly one thing that has by no means occurred in current many years.
The rationale for that was the paucity of recent house development within the metropolis, the place the actual property market was primarily based mostly on second-hand houses. The weird factor that occurred within the third quarter of this 12 months was the sale of 466 new houses, thrice the quantity within the second quarter and at the very least a five-year report, bringing Haifa to 3rd place for brand spanking new house gross sales after Tel Aviv and Ofakim.
The second-hand house market in Haifa continued to be lively, with 936 gross sales, the best quantity since early 2023. Altogether, there have been 1,404 residential actual property transactions within the metropolis within the third quarter.
Tel Aviv takes off
Second within the desk is Tel Aviv, the place transaction numbers jumped 38% within the third quarter as compared with the second quarter. Tel Aviv stood out for 2 sorts of houses: 608 new houses had been offered there within the third quarter, 54% greater than within the second quarter, and the best quantity countrywide, however at 726 the variety of gross sales of second-hand houses was the best quarterly determine since 2022.
Jerusalem is in third place, with 1,327 transactions, regardless of a forty five% bounce in gross sales of recent houses to 436, whereas in fourth place is Beersheva, with 923 transactions in complete. New house gross sales in Beersheva are at their lowest in 5 years.
the actual property market over the previous few months, there’s a slight development development in purchases of recent houses. Prior to now three months, common month-to-month development was 0.9%. The figures have to be regarded with warning, nevertheless, as authorities sponsored houses represented a couple of third of all transactions in new houses over the interval, and it’s not sure that the development holds for the open market by itself.
In second-hand houses, for the 12 months thus far, there was a median month-to-month decline of two.5% within the variety of transactions.
Due to the low variety of gross sales and the big variety of constructing begins, the inventory of recent houses retains rising, reaching about 84,000 houses on the finish of September. Over the previous 12 months, the provision of houses has grown by 1.5% month-to-month on common.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 13, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
