New Apartment Sales Surge in Beit Shemesh, Rekhasim; Kiryat Gat Leads Nation
Translated & summarized from JDN by baba
New apartment sales surged in Beit Shemesh and Rekhasim between June and August 2026, while Kiryat Gat led the nation with over 1,000 new apartment sales. Beit Shemesh saw a 133.7% increase in new apartment sales, and Rekhasim experienced a 775% jump. Nationally, total apartment sales rose 11.1%, but a 2.9% decrease was noted after seasonal adjustments.
The story in 5 lines · by baba
- Kiryat Gat led Israel in new apartment sales with over 1,000 transactions from June to August 2026.
- Beit Shemesh saw a 133.7% increase in new apartment sales, reaching 208 units.
- Rekhasim recorded a 775% surge in new apartment sales, selling 175 units.
- Jerusalem and Ashdod experienced declines in new apartment sales during the period.
- Nationally, apartment sales increased 11.1%, but fell 2.9% after seasonal adjustments.
New apartment sales saw a significant increase in Beit Shemesh, Rekhasim, and Elad during June-August 2026, according to data released by the Central Bureau of Statistics. In contrast, sales declined in Jerusalem and Ashdod.
Kiryat Gat topped the national list for new apartment sales, with over a thousand transactions in the three-month period. Beit Shemesh recorded 208 new apartment sales, a 133.7% rise from the previous period, with a total of 535 new and used apartments sold, marking a 30.8% overall increase in transactions. The growth in Beit Shemesh was primarily driven by the new apartment market, while the used apartment market remained relatively stable.
Rekhasim experienced an extraordinary surge, selling 175 new apartments compared to just 20 in the preceding period, an increase of 775%. Elad also saw a substantial rise, with 247 new apartments sold, up 38.8%.
Nationally, approximately 24,200 apartments were sold across Israel, an 11.1% increase. However, after seasonal adjustments, there was a 2.9% decrease. The data does not include pricing information. As of the end of August, about 85,680 new apartments remained for sale nationwide, with Jerusalem having the largest inventory among major cities.
Mentioned
