Israeli Housing Prices Drop; Rents Continue to Climb
Translated & summarized from NEWSru Israel by baba
Housing purchase prices in Israel decreased by 0.2% in August-September 2026 compared to the previous two months, and by 1.5% year-on-year. The average apartment price fell to 2.29 million shekels in Q3 2026. Meanwhile, rental prices have increased, with rents for new tenants rising by 5.5% annually.
The story in 5 lines · by baba
- Israeli housing purchase prices fell 0.2% in August-September 2026, continuing a downward trend.
- The average apartment price in Israel dropped to 2.29 million shekels in Q3 2026.
- Rental prices increased by 2.8% for lease renewals and 5.5% for new renters annually.
- The Tel Aviv district saw the steepest annual decline in housing purchase prices at 2.1%.
- The Haifa district was the only region with an annual increase in housing purchase prices, up 0.3%.
Housing purchase prices in Israel saw a continued decline in August-September 2026, according to data from the Central Bureau of Statistics. The index for purchase prices decreased by 0.2% compared to July-August and by 1.5% compared to the same period in 2025. The steepest price drops were observed in the Tel Aviv district, falling by 0.8%, and the Southern district, down 0.6%. Prices in the Central district decreased by 0.2%, remained unchanged in Jerusalem, and rose in Haifa by 0.8% and in the North by 0.4%. Over the past year, prices have fallen by 2.1% in Tel Aviv, 2% in Central, 1.6% in Southern, and 0.3% in Northern districts. The Jerusalem district saw a 0.1% decrease. The Haifa district was the only region to experience an annual price increase, rising by 0.3%. The average apartment price in the third quarter of 2026 was 2.29 million shekels, a 5.7% decrease from the second quarter and a 1.5% decrease from the previous year. In contrast, rental costs are increasing. Over the past year, rent has risen by 2.8% for tenants renewing their leases and by 5.5% for new renters.
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