Bizportal Launches Updated Real Estate Database to Help Israelis Assess Apartment Values

Bizportal has introduced a comprehensive database featuring recent real estate transactions from approximately 80 cities across Israel, enabling users to estimate the current market value of their apartments or properties they wish to buy. The database, which is regularly updated, compiles over 1,200 transactions sourced from the Israeli Tax Authority, the government real estate website Nadlan.gov, and reports from real estate agencies.

Users can analyze local sales data to better understand price trends in their neighborhoods. The platform advises considering various factors that affect property values beyond average prices, such as floor level, parking availability, building age, presence of an elevator, potential for urban renewal, orientation, proximity to schools, and whether the apartment faces the street or the back.

While the tool provides valuable pricing indications, Bizportal cautions that it is not an exact science. Data is uploaded directly without editorial adjustments, so errors in reported apartment sizes or inclusion of non-market transactions like inheritances or family deals may skew prices. To mitigate this, the system calculates average prices per square meter after excluding extreme outliers.

Despite these limitations, the database offers significant insights into real estate values by aggregating a large volume of transactions. Buyers and sellers are encouraged to use it alongside other sources such as Yad2 and to evaluate each property individually. The full article and database are available on Bizportal’s real estate section.