Category: Market News

It is hard to believe that after the riots of May 2021 the city of Lod is enjoying an unprecedented construction boom. Two huge neighborhoods totaling 16,000 apartments are being built which are expected to change the character of the city, with affordable housing prices that will attract new populations. Will Lod become Israel’s next...

While a strong wave of interest rate increases sweeping the Western world has led to price declines in the United States, Canada, and New Zealand, the Israeli housing market, in the meantime, is showing resilience and even continuing to become more expensive. Is there something unique about this market, or will it eventually feel the...

During 2021-2022, the country’s population grew by 174,000 people, constituting a rate of 1.8%, about 50,000 of whom were new immigrants, and currently stands at 9.6 million people. Jerusalem leads the list of cities with negative net migration, and surprisingly this year Tel Aviv is also on the list. There are 2.77 million households in...

While a dramatic decline in demand for homes was recorded, home prices continued to rise rapidly leaving real estate experts totally stunned. Toward the end of the month, the Bank of Israel raised the interest rates, the sharpest rate of increase in the past 20 years bringing the prime interest rate to 3.5 percent. As...

The past week has left residential real estate experts confused. While there has been a dramatic decline in demand for homes, home prices continue to rise rapidly. At the same time, there was a decline in the supply of homes for rent, and their prices are also rising significantly. The past week has been packed...

July saw tourists flocking back to Israel in numbers that are reminiscent of pre-Covid days. While hotels, sites, and attractions were crowded with foreign visitors, real estate agents servicing international clients also noted significant activity among foreign buyers, many of who are back in Israel for the first time since before Covid. Buyitinisrael has heard...

June was another busy month in the Israeli real estate world: Dira b’Hanacha, the government’s discounted program for first-time home buyers, was expanded, the Construction Cost index increased by a further 0.5% and interest rates continued to rise. At the end of the month, the fragile government was forced to dismantle bringing even more uncertainty...

May was a busy month in Israel with Yom Hazikaron and Yom Haatzmaut, followed by Lag Ba’omer and Yom Yerushalayim. Tourism is back at close to pre-Covid levels, and the summer weather is here to stay. While interest rates are on the rise, there has been a small but noticeable slowdown in real estate transactions...

With a monthly price increase of 2% and an annual increase of over 16%, Israel’s real estate market continues to break records. Prices are soaring, despite the fact that the number of total transactions has gradually decreased since December 2021. Since then, the number of investment purchases has dropped by 33%. According to the Housing...

April saw tourists return to Israel en mass bringing their numbers close to pre-Covid levels as the country celebrated the Passover holiday. By the end of the month the number of Ukrainian refugees to arrive in Israel since the Russian invasion of Ukraine hit 24,000 — approximately a third of whom are Jewish. Meanwhile, the...