Key information about House Prices Growth

• Israel house prices grew 7.3% YoY in Nov 2024, following an increase of 7.6% YoY in the previous month.
• YoY growth data is updated monthly, available from Jan 1995 to Nov 2024, with an average growth rate of 4.8%.
• House price data reached an all-time high of 21.4% in May 1996 and a record low of -8.8% in May 2003.

CEIC calculates House Prices Growth from monthly Dwellings Price Index (Owner Occupied) . The Central Bureau of Statistics provides Dwellings Price Index (Owner Occupied) with base 1993=100. Dwellings Price Index is calculated monthly covering last 15 days of the previous month and first 15 days of the current month.

Housing Index in Israel decreased to 609.20 points in June from 609.80 points in May of 2025. This dataset provides - Israel House Price Index - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Apartment prices in Tel Aviv are the highest among the major cities in Israel. In the first quarter of 2023, the average cost of dwellings in Tel Aviv amounted to over *** million Israeli shekels (roughly **** million U.S. dollars). That was a slight rise compared to the previous quarter. The average price of apartments in the city slightly fluctuated but overall increased during the observed period. Due to the high housing prices in the city, many who wish to live in the city can afford only rented housing. The The number of households  living in rented dwellings in Tel Aviv amounted to ******* in 2020, making it the most common type of residency that year.  

High demand for housing in Tel Aviv 

Tel Aviv is the financial and cultural capital of Israel. Important companies in the Israeli economy and most of the influential cultural institutions in Israel are located in the city. As a result, many are interested in living in the city permanently, so housing prices remain high and even rise. Tel Aviv is the most important city in the Israeli high-tech industry, one of the most essential industries in the Israeli economy. As a result, many of the industry workers live in the city. In 2022, StartupBlink ranked Tel Aviv first in its list of leading cities for startups in Israel, with a score of 54.89. 

Residence in Jerusalem and Haifa is more affordable 

Jerusalem, the largest city in Israel, offers more affordable housing than Tel Aviv. In the first quarter of 2023, the aaverage price of apartments in Jerusalem amounted to just over *** million Israeli shekels (around ******* U.S. dollars). Although the price is lower than in Tel Aviv, many Israelis hesitate to reside there. Jerusalem has a traditional character; therefore, it has fewer leisure and nightlife options than Tel Aviv can offer. The standard price of dwellings in Haifa, the largest city in the northern part of Israel, is lower than both towns. In the same quarter, it reached almost **** million Israeli shekels (approximately ******* U.S. dollars).

In the first quarter of 2023, the average price of dwellings in Jerusalem in Israel amounted to just over *** million Israeli shekels (roughly ******* U.S. dollars). That was a decrease compared to the previous quarter. On the other hand, in the fourth quarter of 2022, the average price of dwellings in this city increased slightly.

Residential Property Prices in Israel increased 7.53 percent in December of 2024 over the same month in the previous year. This dataset includes a chart with historical data for Israel Residential Property Prices.

In the first quarter of 2023, the average price of dwellings in Beer Sheva in Israel amounted to over *** million Israeli shekels (roughly ******* U.S. dollars). That was a slight increase compared to the previous quarter. On the other hand, in the third quarter of 2022, the average price of residences in this city decreased minimally. Be'er Sheva is considered the capital city of the Southern District and the biggest one in that area.

Real residential property prices Y-on-Y, percent change in Israel, December, 2024 The most recent value is 4 percent as of Q4 2024, an increase compared to the previous value of 2.66 percent. Historically, the average for Israel from Q1 1995 to Q4 2024 is 2.51 percent. The minimum of -9.59 percent was recorded in Q2 2003, while the maximum of 16.42 percent was reached in Q1 2010. | TheGlobalEconomy.com

Israel: Property rights index (0-100): The latest value from 2024 is 82 points, unchanged from 82 points in 2023. In comparison, the world average is 54 points, based on data from 180 countries. Historically, the average for Israel from 1995 to 2024 is 73 points. The minimum value, 70 points, was reached in 1995 while the maximum of 84 points was recorded in 2021.

The price per unit, at home is forecast to experience significant growth in all segments in 2025. As part of the positive trend, the price per unit, at home achieves the maximum value across all two different segments by the end of the comparison period. Notably, the segment Tea, out of home stands out with the highest value of ****** U.S. dollars. The Statista Market Insights cover a broad range of additional markets.

Over the last two observations, the combined price is forecast to significantly increase in all segments. As part of the positive trend, the combined price reaches the maximum value for all six different segments at the end of the comparison period. Particularly noteworthy is the segment Brandy, which has the highest value of 101.51 U.S. dollars. Find further statistics on other topics such as a comparison of the combined price in the world and a comparison of the average volume per capita, at home in the world. The Statista Market Insights cover a broad range of additional markets.

The combined price is forecast to experience significant growth in all segments in 2029. The trend observed from 2024 to 2029 remains consistent throughout the entire forecast period. There is a continuous increase in the combined price across all segments. Notably, the Spirits segment achieves the highest value of ***** U.S. dollars at 2029. Find further statistics on other topics such as a comparison of the combined revenue per capita in Cyprus and a comparison of the price per unit, at home in Zimbabwe. The Statista Market Insights cover a broad range of additional markets.