Israeli Housing Market Sees Slight Rise, Secondhand Homes Dip

Israel's housing prices experienced a minor increase of 0.2% in June-July compared to May-June, according to the latest Central Bureau of Statistics (CBS) housing price index. However, the index also revealed a 1.2% decrease in the prices of secondhand homes during the second quarter of the year. Amidst a reported deep freeze in real estate transactions, as indicated by recent data from the Ministry of Finance's chief economist, a review of recent secondhand apartment sales was conducted with the assistance of national real estate networks.

In Be'er Sheva, a 50-square-meter, two-room apartment on the ground floor of a three-story building on Yitzhak Reger Street in Neighborhood D sold for 690,000 shekels. A larger, 105-square-meter, four-room apartment on the fourth floor of an eight-story building on Sha'ar Ha'Gai Street in Neighborhood T, featuring an elevator and parking, was sold for 940,000 shekels. Additionally, a 180-square-meter, five-room cottage on Almog Street in the Neve Noy neighborhood, situated on a 370-square-meter lot with parking and a safe room, sold for 2.52 million shekels.

In Kiryat Gat, a 70-square-meter, three-room apartment on the first floor of a four-story building on Nachal Ne'eman Street, including a 12-square-meter balcony, elevator, parking, and a safe room, was sold for 1.5 million shekels. Ashdod saw a 88-square-meter, three-room apartment on the sixth floor of a seven-story building on Nathan Elbaz Street in Quarter V, with a 14-square-meter balcony, elevator, and safe room, sell for 1.55 million shekels. A larger, 128-square-meter, four-room apartment on the sixth floor of a twelve-story building on Ha'Anavim Street in Quarter XVI, featuring a 14-square-meter balcony, elevator, parking, and a safe room, sold for 2.15 million shekels. A 157-square-meter, five-room apartment on the third floor of a seventeen-story building on Ha'Apargemon Street in Quarter XV, with a 12-square-meter balcony, elevator, parking, and a safe room, was sold for 2.66 million shekels.

In Harish, a 78-square-meter, three-room apartment on the fourth floor of a five-story building on Ta'ana Street, equipped with a 17-square-meter balcony, elevator, parking, and a safe room, sold for 1.21 million shekels. The review included data from the RE/MAX network.