Israeli Housing Market Sees Slight Rise, Secondhand Prices Dip
Translated & summarized from Ynet by baba
Israel's housing prices rose slightly by 0.2% in June-July, but secondhand apartment prices fell 1.2% in the second quarter. Amidst a slowdown in real estate deals, recent sales data shows a 4-room semi-detached house in Ramla on a 435 sqm lot sold for 3.75 million shekels. Other sales included a 4-room apartment in Tel Aviv for 3.88 million shekels and a 6-room duplex penthouse in Shoham for 4.7 million shekels. The Central Bureau of Statistics will soon release updated housing price data.
The story in 5 lines · by baba
- Israel's housing prices rose 0.2% in June-July, but secondhand prices dropped 1.2% in Q2.
- A 4-room semi-detached house on a 435 sqm lot in Ramla sold for 3.75 million shekels.
- A 4-room apartment in Tel Aviv was sold for 3.88 million shekels.
- A 6-room duplex penthouse in Shoham sold for 4.7 million shekels.
- The Central Bureau of Statistics will release updated housing price data this week.
Israel's housing prices showed a minor increase of 0.2% in June-July compared to May-June, according to the latest housing price index from the Central Bureau of Statistics (CBS). However, the index, which for the first time published quarterly secondhand apartment prices, revealed a 1.2% decrease in the second quarter of the year. The CBS is expected to release the updated index for July-August this week. Amidst a reported deep freeze in real estate transactions, a review of recent secondhand apartment sales across Israel highlights varying market activity. In Eilat, a 50 sqm, 3-room apartment sold for 950,000 shekels, while a 4-room, 83 sqm apartment in the same city went for 1.375 million shekels. Be'er Sheva saw a 3-room apartment sell for 560,000 shekels and a 4-room apartment for 1.32 million shekels. Ashdod recorded a sale of a 3-room apartment for 1.4 million shekels. In Ramla, a 4-room apartment sold for 1.89 million shekels, and a 4-room semi-detached house on a 435 sqm lot was sold for 3.75 million shekels. Shoham featured a 6-room duplex penthouse sold for 4.7 million shekels, and Tel Aviv saw a 4-room apartment sold for 3.88 million shekels. Nesher had a 3-room apartment sold for 920,000 shekels. These transactions were compiled with the assistance of national real estate networks.