Israeli Housing Prices Drop Annually, Rents See Significant Increase
Translated & summarized from NEWSru Israel by baba
Housing prices in Israel fell by 0.6% in July-August 2026 compared to the prior two months, marking the longest period of annual price decline in a decade. All regions saw year-over-year price drops, with the Central District experiencing the largest decrease. Meanwhile, rental prices increased by 0.4% in September, with new leases seeing a 5.3% annual rise.
The story in 5 lines · by baba
- Israeli housing prices dropped 0.6% in July-August 2026, marking the longest annual decline in a decade.
- All Israeli regions saw year-over-year housing price decreases, led by the Central District's 2.7% fall.
- Rental prices in Israel increased by 0.4% in September.
- New rental agreements saw a 5.3% year-over-year price hike.
- The Central Bureau of Statistics released the housing data on Thursday, October 15.
Housing prices across Israel experienced a 0.6% decrease in July-August 2026 compared to the previous two-month period, according to data released by the Central Bureau of Statistics (CBS) on Thursday, October 15. Over the past year, prices have fallen by 1.8%. This marks the eleventh consecutive month of annual price declines, representing the longest such period in a decade. Price reductions were observed in all regions nationwide when compared to the same period in 2025. The Central District saw the largest annual drop at 2.7%, followed by Tel Aviv at 1.9%, the Southern District at 1.5%, Haifa at 1.4%, the Northern District at 0.8%, and Jerusalem at 0.2%.
On a month-over-month basis, prices decreased in all districts except Haifa, which saw a 0.4% increase. The Northern District experienced the steepest monthly price drop at 1.5%. Tel Aviv saw a 0.9% decrease, the Central District fell by 0.7%, Jerusalem by 0.3%, and the Southern District by 0.1%.
In contrast to falling purchase prices, rental costs rose by 0.4% in September. For tenants renewing their leases, rents increased by 2.4% year-over-year, while new tenants faced a more substantial 5.3% rise.
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