Full coverage· Economy· Updated
Four-Room Apartment in Jerusalem Sells for Over 5 Million Shekels Amid Housing Market Decline
Israel's housing market shows a 2% annual price drop, the largest in eight years, with recent apartment sales ranging from 1.05 million to over 5 million shekels across major cities.
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What happened
- 01Israel's housing price index fell 2% annually, the steepest drop in eight years.
- 02A 4-room apartment in Jerusalem's Old Katamon sold for 5.225 million shekels.
- 03Beersheba apartments sold between 1.05 million and 2.16 million shekels last week.
- 04Ramla and Lod saw 5-room and 2-room apartments sell for up to 2.7 million and 1.15 million shekels respectively.
- 05Netanya and Haifa recorded apartment sales ranging from 1.06 million to 1.8 million shekels.
- 06Data was gathered with Re/Max and Anglo-Saxon real estate agencies' cooperation.
A notable 4-room apartment in Jerusalem's Old Katamon sold for 5.225 million shekels, highlighting price disparities amid declining market trends.
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