Housing snapshot: Home sales and rentals across Israel in April 2025
The Times of Israel’s regular feature on what is happening in the local property market right now
Zev Stub is the Times of Israel's Diaspora Affairs correspondent.
Home prices in Israel continued to rise in February, official data shows.
Prices rose 0.9% in January and February compared to the previous two months, according to the most recent statistics available from the Central Bureau of Statistics. Compared to the same period a year ago, prices have surged 7.5%.
Prices have risen consistently over the past year following a temporary drop after the Hamas invasion on October 7, 2023, sparked the ongoing war in Gaza. A combination of factors — including a longstanding housing shortage, strong population growth, and growing foreign investment — continues to keep demand high even as the conflict disrupts construction and economic stability.
Prices during the two-month period rose by 1.8% in the northern district, 1.5% in Tel Aviv, 1.4% in Jerusalem, 1.1% in the southern district, and 0.9% in Haifa. Prices dropped by 0.3% in the central district, according to the data.
The price of newly built homes rose by 1% compared to the previous two-month period and 6.4% for the year, the CBS said.
The rise in prices is surprising because there have been fewer real estate deals recently, and many unsold apartments are still on the market, Bank Hapoalim economists noted in a letter to investors. It is possible that this is partially because prices reported for many new apartments don’t always reflect special financing deals offered by developers, the bank said.
According to Finance Ministry data, 7,416 apartments were sold in February, a relatively low figure after January saw one of the slowest starts to the year of the past decade. Volume was particularly high in December 2024 as buyers hurried to complete their purchases before VAT rose to 18% at the beginning of 2025.
Preliminary data indicates that March was also a slow month, the Finance Ministry noted.
Investors purchased 1,105 apartments in February, 8% less than the previous month. Investors sold 1,344 apartments, about the same as in January. Contractors sold 2,893 apartments during the month, including 773 apartments sold through government-subsidized programs.
Bank Hapoalim economists expect that inflation will slow to about 2% by the summer, from a current 3.3%, which should allow the Bank of Israel to lower rates. By the end of the year, the interest rate should fall to around 4%, from 4.5% today, they said.
Sales
To provide the housing snapshot below, we used the Israel Tax Authority’s database, which records the actual prices paid for properties. The focus is on sales over the last month to present the most up-to-date picture of the market.
In Tel Aviv, an 81-square-meter (872-square-foot), four-room (three-bedroom) apartment at 13 Beit El Street was sold for NIS 3,670,000 ($962,496) on April 1. The apartment is on the fourth floor of a 10-floor building built in 2018.
A 94-square-meter (1,012-square-foot), four-room (three-bedroom) apartment at 7 Pinkas Street was sold for NIS 3,350,000 ($888,358) on April 3. The apartment is on the fifth floor of an eight-floor building built in 2023.
A 60-square-meter (646-square-foot), three-room (two-bedroom) apartment at 39 Y.L. Peretz Street was sold for NIS 3,270,000 ($858,268) on April 7. The apartment is on the third floor of a three-floor building built in 1960.
In Jerusalem, an 88-square-meter (947-square-foot), four-room (three-bedroom) apartment at 6 Arnon Street was sold for NIS 3,610,000 ($974,358) on April 3. The apartment is on the first floor of a three-floor building built in 2001.
An 80-square-meter (861-square-foot), four-room (three-bedroom) apartment at 24 Bibas Street was sold for NIS 4,200,000 ($1,113,762) on April 6. The apartment is on the ground floor of a three-floor building built in 1994.
A 114-square-meter (1,227-square-foot), six-room (five-bedroom) apartment at 22 Dan Street was sold for NIS 4,475,000 (approximately $1,173,229) on April 2. The apartment is on the ground floor of a five-floor building built in 1985.
In Beit Shemesh, a 106-square-meter (1,141-square-foot), four-room (three-bedroom) apartment at 29 Shmuel Hanavi Street was sold for NIS 3,175,000 ($853,494) on April 2. The apartment is on the ground floor of a four-floor building built in 2012.
A 126-square-meter (1,356-square-foot), five-room (four-bedroom) apartment at 21 Roi Klein Street was sold for NIS 2,920,000 (approximately $767,631) on April 1. The apartment is on the seventh floor of a nine-floor building built in 2020.
In Haifa, a 113-square-meter (1,216-square-foot), four-room (three-bedroom) apartment at 10 Watson Lionel Street was sold for NIS 2,600,000 ($712,719) on April 8. The apartment is on the second floor of a four-floor building built in 1980.
Rentals
The database of the real estate website Madlan was used to compile this sample of rental apartments on the market with a focus on three-room (two-bedroom) properties, suitable for a couple, two roommates, or a small family.
In Tel Aviv, a 3-room (two-bedroom) apartment at 112 Jabotinsky Street in the New North area near Kikar HaMedina is available for rent at NIS 9,500 ($2,515) per month. The 77-square-meter (829-square-foot) apartment is on the third floor.
A four-room (three-bedroom) apartment at 20 Moshe Perlman Street in New Ramat Aviv is available for rent at NIS 11,700 ($3,106) per month. The 135-square-meter (1,453-square-foot) apartment is on the second floor.
In Jerusalem, a 4-room (three-bedroom) apartment at 84 Herzl Street in Beit Hakerem is available for rent at NIS 9,300 ($2,454) per month. The 105-square-meter (1,130-square-foot) apartment is on the third floor.
A four-room (three-bedroom) apartment in Mekor Chaim is available for rent at NIS 11,000 ($2,915) per month. The 103-square-meter (1,109-square-foot) apartment is on the second floor.
In Haifa, a four-room (three-bedroom) apartment at 54 Bat Chen Street in Ramat Chen is available for rent at NIS 6,200 ($1,628) per month. The 125-square-meter (1,345-square-foot) apartment is on the second floor.
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