Secondhand Apartment Sales Highlight Varied Prices Across Israeli Cities Amid Housing Price Index Drop

The annual housing price index published recently by the Central Bureau of Statistics (CBS) showed a 2% decline, marking the sharpest drop in eight years. Concurrently, the consumer price index for June lowered the annual inflation rate to 1.6%, remaining stable after previous fluctuations. To provide insight into the current housing market, national real estate agencies Re/Max and Anglo-Saxon shared data on secondhand apartment sales completed in the past week across various Israeli cities.

In Ramat Gan, a 96-square-meter, four-room apartment on the sixth floor sold for 2.9 million shekels. Nahariya saw two three-room apartments of 70 square meters each sold for 1.36 million and 1.45 million shekels respectively. In Hod Hasharon, a 100-square-meter four-room apartment sold for 2.15 million shekels. Ra'anana recorded a garden apartment with 4.5 rooms and 107 square meters sold for 4.3 million shekels.

Haifa featured smaller apartments: a 43-square-meter three-room unit sold for 720,000 shekels, and a 60-square-meter three-room apartment on the 12th floor sold for 1.25 million shekels. Beersheba had a 120-square-meter four-room apartment with a 15-square-meter balcony, parking, and a safe room sold for 1.54 million shekels, alongside smaller units sold for 820,000 and 525,000 shekels.

In Ramla, a five-room, 140-square-meter apartment with a 20-square-meter balcony, parking, elevator, and safe room sold for 2.235 million shekels. Finally, in Rishon Lezion, a six-room penthouse of approximately 160 square meters on the fourth floor with parking and elevator sold for 2.61 million shekels. Additional three-room apartments in the city sold for 2.3 million and 2.25 million shekels.

These transactions illustrate the diverse pricing landscape in Israel's housing market amid a notable decline in housing prices and stable inflation.