Housing Prices Dip in Bat Yam, Rise Nationally
Translated & summarized from NEWSru Israel by baba
Israel's housing price index rose 0.2% in June-July 2026, with national average prices up 3.9% year-over-year. Bat Yam saw the largest price decrease among major cities, while Tel Aviv and Ashdod experienced the biggest gains.
The story in 5 lines · by baba
- Housing prices rose 0.2% nationally in June-July 2026.
- Bat Yam led cities with a 3.1% housing price decrease.
- Tel Aviv and Ashdod saw the largest price increases, over 6%.
- Average apartment price nationwide reached 2.392 million shekels.
- Rents increased more for new tenants than renewing ones.
Israel's housing price index saw a modest 0.2% increase in June-July 2026 compared to the previous two-month period, according to the Central Bureau of Statistics. Price hikes were observed in Tel Aviv (0.7%), the Central District (0.3%), and the South (0.1%). Conversely, prices declined in Jerusalem (-0.4%), Haifa (-0.3%), and the North (-0.1%).
Analyzing the first half of 2026 against the same period in 2025 reveals a mixed market. While average transaction prices rose in nine major cities, they fell in six. Nationally, the average apartment price reached approximately 2.392 million shekels in the first half of 2026, a 3.9% increase year-over-year.
Tel Aviv and Ashdod experienced the most significant price growth, exceeding 6%. Rehovot saw a 5.1% increase, with Kfar Saba and Haifa close behind at around 5%. However, several cities, including Bat Yam (-3.1%), Hadera, Ashkelon, Herzliya, Ramat Gan, and Petah Tikva, recorded a decrease in average prices compared to the first half of 2025. Bat Yam led this group with the largest price reduction.
Smaller apartments saw an 8.3% price increase, while 6-room apartments rose by 1.9%. For renters, those renewing their leases faced a 2.6% rent increase, while new tenants experienced a higher jump of 4.4%.
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