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.

Graph and download economic data for Real Residential Property Prices for Israel (QILR628BIS) from Q1 1994 to Q3 2024 about Israel, residential, HPI, housing, real, price index, indexes, and price.

Israel IL: Time Required to Register Property data was reported at 81.000 Day in 2017. This stayed constant from the previous number of 81.000 Day for 2016. Israel IL: Time Required to Register Property data is updated yearly, averaging 144.000 Day from Dec 2004 (Median) to 2017, with 14 observations. The data reached an all-time high of 144.000 Day in 2011 and a record low of 81.000 Day in 2017. Israel IL: Time Required to Register Property data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Israel – Table IL.World Bank.WDI: Company Statistics. Time required to register property is the number of calendar days needed for businesses to secure rights to property.; ; World Bank, Doing Business project (http://www.doingbusiness.org/).; Unweighted average; Data are presented for the survey year instead of publication year.

The size of the Israel Commercial Real Estate Industry market was valued at USD XX Million in 2023 and is projected to reach USD XXX Million by 2032, with an expected CAGR of 6.12% during the forecast period. The commercial real estate (CRE) industry encompasses the buying, selling, leasing, and management of properties that are primarily used for business purposes. This sector includes various types of real estate such as office buildings, retail spaces, industrial facilities, and multifamily housing units. Unlike residential real estate, which focuses on properties intended for individual living, commercial real estate deals with properties that generate income or are utilized for commercial activities. Investors and businesses engage in CRE for several reasons, including the potential for stable income through rental agreements, appreciation of property value over time, and diversification of investment portfolios. The industry is influenced by numerous factors, including economic conditions, interest rates, and local market dynamics. Investors in CRE must also navigate complex zoning laws, property management considerations, and financing options. Key drivers for this market are: Increasing need for contemporary office spaces, Urban and semi-urban lodging are acting as other significant growth-inducing factors. Potential restraints include: Availability of Financing. Notable trends are: Shortage of Building Land and Labor Availability.

Rents paid for housing in Israel increased year-on-year between 2011 and 2023. Nevertheless, the inflation-adjusted change was negative between 2021 and 2022, suggesting that rents grew at a slower rate than inflation. In 2023, the nominal growth in rent prices amounted to 5.87 percent, while the real change (adjusted for inflation) amounted to 1.64 percent.