Housing snapshot: Home sales and rentals across Israel in July 2025

The Times of Israel’s regular feature on what is happening in the local property market right now

By Zev Stub

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1 August 2025, 8:38 am

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Zev Stub is the Times of Israel's Diaspora Affairs correspondent.

Home prices in Israel dipped in May for the third month in a row, official data shows.

Prices dropped 0.3% in April and May compared to the previous two months, according to the most recent information available from the Central Bureau of Statistics. Compared to the same period a year ago, prices have risen 3.9%.

Prices have generally risen over the past year despite the ongoing war in Gaza sparked by the Hamas invasion on October 7, 2023. A combination of factors — including a longstanding housing shortage, strong population growth, and growing foreign investment — keeps demand high even as the conflict disrupts construction and economic stability.

However, momentum seems to be sliding in recent months, as prices have dropped 0.6% since February.

The latest figures do not reflect changes stemming from Israel’s war with Iran in June.

Prices during the two-month period rose by 1.4% in Haifa, 0.5% in the northern district, and 0.2% in the central district. Prices dropped by 1.2% in Tel Aviv, 0.9% in Jerusalem, and 0.8% in the southern district.

The price of newly built homes fell by 0.4% compared to the previous two-month period, the CBS said.

According to Finance Ministry data for May, a total of 6,698 apartments were sold, one of the lowest figures for May since the early 2000s. This figure represents a 16% decline from May 2024.

View of Beit Shemesh on February 8, 2021. (Gershon Elinson/Flash90)

Volume has been low during the first quarter of 2025 after a particularly strong December 2024, when buyers hurried to complete their purchases before VAT rose to 18% at the beginning of 2025.

New apartment sales, including government-subsidized units, declined by 36% from May 2024 to 2,374 units. For new apartments in the free market, sales were 1,720, a sharp 44% decline compared to May last year. Secondhand apartment sales reached 4,324 units, a moderate increase of 1% compared to May 2024.

Investors purchased only 923 apartments in May, a 31% decrease compared to May 2024. Investors sold 1,232 apartments, a 10% decrease compared to May 2024.

Buyers are increasingly seeking private safe rooms in apartments, the Finance Ministry noted. In April-May, a whopping 60% of all secondhand apartment sales included a private safe room, likely due to fears about the possibility of a war with Iran, as Israel experienced in June.

New Bank of Israel restrictions on financing benefits offered by contractors, which came into effect at the end of March, appear to be a significant factor in the decline of new apartment sales, the Finance Ministry said. These restrictions apply to projects where a significant portion of the price is deferred until delivery, making such financing more expensive for contractors.

The sun rises over Tel Aviv, October 2019. (ZZ3701 via iStock by Getty Images)

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, a 77-square-meter (829-square-foot), four-room (three-bedroom) apartment at 11 Rabina Street was sold for NIS 4,250,000 ($1,277,043) on July 9. The apartment is on the seventh floor of a nine-floor building built in 1970.

A 65-square-meter (700-square-foot), three-room (two-bedroom) apartment at 5 Beer Hoffman Street was sold for NIS 3,550,000 ($1,061,285) on July 14. The apartment is on the third floor of a seven-floor building built in 2012.

A 112-square-meter (1,206-square-foot), three-room (two-bedroom) apartment at 13 Moshe Hess Street was sold for NIS 4,750,000 ($1,417,590) on July 7. The apartment is on the first floor of a three-floor building built in 1960.

In Jerusalem, a 114-square-meter (1,227-square-foot), four-room (three-bedroom) apartment at 15 Even Shmuel Street was sold for NIS 4,250,000 ($1,268,370) on July 1. The apartment is on the ground floor of a four-floor building built in 1983 and includes a 152-square-meter (1,636-square-foot) yard.

A 93-square-meter (1,001-square-foot), five-room (four-bedroom) apartment at 113 Ma’agalei Yavneh Street was sold for NIS 3,820,000 ($1,144,740) on July 1. The apartment is on the first floor of a three-floor building built in 1970.

A 137-square-meter (1,475-square-foot), four-room (three-bedroom) apartment at 30 Harav Toledano Street was sold for NIS 3,200,000 ($958,083) on July 6. The apartment is on the second floor of a six-floor building built in 2018 and includes one parking space.

In Beit Shemesh, a 130-square-meter (1,399-square-foot), five-room (four-bedroom) apartment at 11 Rabbi Hanina Street was sold for NIS 3,280,000 ($978,883) on July 7. The apartment is on the ground floor of a seven-floor building built in 2022 and includes a 90-square-meter (969-square-foot) yard.

A 108-square-meter (1,163-square-foot), four-room (three-bedroom) apartment at 10 Rabbi Berachia Street was sold for NIS 2,730,000 ($813,710) on July 10. The apartment is on the first floor of a nine-floor building built in 2023 and includes one parking space.

In Haifa, a 105-square-meter (1,130-square-foot), four-room (three-bedroom) apartment at 188 Derech Hayam Street was sold for NIS 2,720,000 ($815,836) on July 3. The apartment is on the fifth floor of a 13-floor building built in 2021.

Illustrative: A view of apartment buildings in the Givat Olga neighborhood in Hadera, on June 22, 2022. (Nati Shohat/Flash90)

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 three-room apartment at 3 Aluf Kalman Magen Street is available for rent at NIS 11,500 ($3,056) per month. The apartment is 72 square meters (775 square feet), located on the fourth floor with an elevator.

A four-room (three-bedroom) apartment at 3 Wingate Street in the Yad Eliyahu neighborhood is available for rent at NIS 12,900 ($3,429) per month. The apartment is on the 30th floor of a 32-story luxury tower.

In Jerusalem, a four-room (three-bedroom) apartment at 22 Pinsker Street in Talbieh is available for rent at NIS 12,000 ($3,190) per month. The 120-square-meter (1,292-square-foot) apartment is on the third floor with an elevator.

A three-room apartment at 36 Binyamin Metudela Street in Rehavia is available for rent at NIS 7,600 ($2,022) per month. The 85-square-meter (915-square-foot) apartment is located on the third floor without an elevator.

In Haifa, a five-room apartment at 23 Sha’ar Hagay Street is available for rent at NIS 6,400 ($1,701) per month. The 168-square-meter (1,808-square-foot) renovated apartment is on the first floor of a four-story building.