The Israeli housing market remains highly dynamic, with solid demand continuing to drive prices upward despite war and economic and political instability. While regional disparities exist, the combination of pent-up demand, mortgage rate stability, cautious optimism among local buyers, and growing concern for Jews in the diaspora suggests that the market will remain active, with price increases likely to persist across many parts of the country.
For a complete overview of the Israeli real estate market, see Buyitinisrael’s market update.
The following is a selection of real estate deals that took place in July and August 2024, carried out by English-speaking real estate agents in Israel. The idea is to give our readers a general idea of the residential real estate market, property prices, and activities around the country relating to Israel real estate*.
Tel Aviv:
A 77 sqm four-room apartment with a 6 sqm balcony on floor 1 out of 5 on Gush Halav Street was sold for 5,350,000. A 115 sqm five-room apartment with no balcony on floor 3 out of 4 on Basel Street was sold for 5,400,000 (Daon Group Real Estate).
Efrat
A 7-room duplex cottage, 200 sqm with a 40 sqm garden, located on Mattitayu HaCohen in the Zayit neighborhood, sold for 4,850,000 shekels (Buyitinisrael).
Beit Shemesh/Ramat Beit Shemesh:
A 7-room semi-attached house, 230 sqm with a 45 sqm garden, located in Mem Shalosh in RBS Aleph, sold for NIS 5,100,000 (Elite Israel Realty).
Carmei Gat
A 5-room detached home (villa), 180 sqm with a 380 sqm garden on Shoham Street, was sold for NIS 4,700,000 NIS. A 6-room apartment on floor 2 out of 3, 168 sqm with a 50 sqm yard on Nachal Daliot Street, was sold for NIS 2,990,000 (Shalom Buyit).
Ariel:
A 5-room duplex apartment, 127 sqm, located on Beit Lechem was sold for NIS 2,000,000 (Nadlan Ariel).
* The offices/agents mentioned represented the buyers, the sellers, or both parties.
