For the primary time in many years, Haifa is the main metropolis in Israel for the variety of residential actual property transactions in 1 / 4, in accordance with the Central Bureau of Statistics actual property survey for the third quarter of this yr. Tel Aviv staged a considerable restoration within the quarter, whereas the brand new houses market in Beersheva has seen very low transaction numbers all yr.
General, the true property market continued to be skinny within the third quarter, with 23,330 transactions in complete, greater than within the second quarter, which was even thinner, however barely fewer than within the corresponding quarter of 2924.
As talked about, Haifa topped the checklist, the primary time it has carried out so for the reason that Central Bureau of Statistics started counting the entire variety of transactions per metropolis in 2018 (till then solely gross sales of latest houses have been counted), however so far as we’re conscious that is truly one thing that has by no means occurred in current many years.
The explanation for that was the paucity of latest dwelling development within the metropolis, the place the true property market was primarily based mostly on second-hand houses. The bizarre factor that occurred within the third quarter of this yr was the sale of 466 new houses, thrice the quantity within the second quarter and no less than a five-year file, bringing Haifa to 3rd place for brand new dwelling gross sales after Tel Aviv and Ofakim.
The second-hand dwelling market in Haifa continued to be energetic, with 936 gross sales, the very best quantity since early 2023. Altogether, there have been 1,404 residential actual property transactions within the metropolis within the third quarter.
Tel Aviv takes off
Second within the desk is Tel Aviv, the place transaction numbers jumped 38% within the third quarter compared with the second quarter. Tel Aviv stood out for 2 sorts of houses: 608 new houses have been bought there within the third quarter, 54% greater than within the second quarter, and the very best quantity countrywide, however at 726 the variety of gross sales of second-hand houses was the very best quarterly determine since 2022.
Jerusalem is in third place, with 1,327 transactions, regardless of a forty five% bounce in gross sales of latest houses to 436, whereas in fourth place is Beersheva, with 923 transactions in complete. New dwelling gross sales in Beersheva are at their lowest in 5 years.
Taking a look at the true property market over the previous few months, there’s a slight progress development in purchases of latest houses. Up to now three months, common month-to-month progress was 0.9%. The figures should be regarded with warning, nonetheless, as authorities backed houses represented a couple of third of all transactions in new houses over the interval, and it isn’t sure that the development holds for the open market by itself.
In second-hand houses, for the yr so far, there was a mean month-to-month decline of two.5% within the variety of transactions.
Due to the low variety of gross sales and the massive variety of constructing begins, the inventory of latest houses retains rising, reaching about 84,000 houses on the finish of September. Over the previous yr, the provision of houses has grown by 1.5% month-to-month on common.
Printed by Globes, Israel enterprise information – en.globes.co.il – on November 13, 2025.
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