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.
Total, the actual property market continued to be skinny within the third quarter, with 23,330 transactions in whole, 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 achieved so because the Central Bureau of Statistics started counting the whole variety of transactions per metropolis in 2018 (till then solely gross sales of recent houses have been counted), however so far as we’re conscious that is really one thing that has by no means occurred in latest many years.
The explanation for that was the paucity of recent residence building within the metropolis, the place the actual property market was primarily primarily based 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 a minimum of a five-year document, bringing Haifa to 3rd place for brand new residence gross sales after Tel Aviv and Ofakim.
The second-hand residence 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 as compared with the second quarter. Tel Aviv stood out for 2 sorts of houses: 608 new houses have been offered 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% leap in gross sales of recent houses to 436, whereas in fourth place is Beersheva, with 923 transactions in whole. New residence gross sales in Beersheva are at their lowest in 5 years.
the actual property market over the previous few months, there’s a slight progress development in purchases of recent houses. Previously three months, common month-to-month progress was 0.9%. The figures have to be regarded with warning, nevertheless, as authorities sponsored houses represented a few third of all transactions in new houses over the interval, and it’s not sure that the development holds for the open market by itself.
In second-hand houses, for the yr to this point, there was a median 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 recent houses retains rising, reaching about 84,000 houses on the finish of September. Over the previous yr, the availability of houses has grown by 1.5% month-to-month on common.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on November 13, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
