Apartment Prices in Israel See Longest Decline in a Decade
Translated & summarized from Kipa by baba
Apartment prices in Israel have fallen for the longest period in a decade, according to new data from the Central Bureau of Statistics. The average apartment price dropped 5.7% in the third quarter of 2026 to about 2.29 million shekels. While most districts saw price decreases, Tel Aviv experienced a significant year-over-year price jump. The overall annual decline is the longest recorded in ten years.
The story in 5 lines · by baba
- Israel's apartment prices have seen their longest annual decline in a decade.
- The average apartment price fell 5.7% in Q3 2026 to approximately 2.29 million shekels.
- The overall apartment price index decreased by 1.5% compared to the same period last year.
- New apartment prices dropped 0.7%, excluding government-subsidized deals.
- Tel Aviv saw a 12.1% year-over-year increase in average apartment prices.
Israel's Central Bureau of Statistics (CBS) has released new data indicating a continued downward trend in apartment prices, marking the longest annual price drop in ten years. The apartment price index fell by 0.2% between August and September and by 1.5% compared to the same period last year. The average price of an apartment in Israel saw a significant decrease of 5.7% in the third quarter of 2026, dropping to approximately 2.29 million shekels from 2.42 million shekels in the previous quarter. This amounts to a reduction of about 137,000 shekels in the average transaction price. The index for new apartments also decreased by 0.7%, even when excluding subsidized housing transactions. Price drops were observed in the Tel Aviv (0.8%), Southern (0.6%), and Central (0.2%) districts, while prices increased in Haifa and the North. However, average prices in major cities present a mixed picture: Tel Aviv saw a substantial 12.1% year-over-year increase to 4.61 million shekels, while Bat Yam, Herzliya, and Jerusalem experienced price declines of 8.5%, 7.2%, and 5.2% respectively.
