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Real Estate Slowdown Hits Tel Aviv Hardest, Data Shows
Israel's real estate market is in a slowdown, with 85,080 new apartments unsold nationwide as of September. The Tel Aviv and Central districts hold over half of these unsold units. Total apartment sales decreased by 5.7% from the previous quarter.
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What happened
- 01Over 85,000 new apartments remained unsold in Israel by the end of September.
- 02Tel Aviv and Central districts account for over half of all unsold new apartments.
- 03Total apartment sales dropped 5.7% in the third quarter compared to the previous one.
- 04Luxury sales in Tel Aviv are preventing a larger increase in unsold units.
- 05A market recovery is anticipated to begin in early 2026.
A reversal is expected starting in early 2026, with projected monthly sales increases.
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