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.

Graph and download economic data for Real Residential Property Prices for Israel (QILR368BIS) from Q1 1995 to Q4 2024 about Israel, residential, housing, real, and price.

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.

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).

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.

Key information about Israel Gold Production

• Israel Real Residential Property Price Index was reported at 183.281 2010=100 in Sep 2024.
• This records a decrease from the previous number of 183.781 2010=100 for Jun 2024.
• Israel Real Residential Property Price Index data is updated quarterly, averaging 99.599 2010=100 from Mar 1994 to Sep 2024, with 123 observations.
• The data reached an all-time high of 186.865 2010=100 in Dec 2022 and a record low of 76.547 2010=100 in Dec 2007.
• Israel Real Residential Property Price Index data remains active status in CEIC and is reported by Bank for International Settlements.
• The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly. [COVID-19-IMPACT]

In February 2024, the non-seasonally adjusted house price index (HPI) in Israel amounted to around *** points. This accounts for a *** percent increase from the previous month. In the month following the Israel-Hamas war, which started on ***************, prices rose by *** percent.

House price index in Israel, December, 2024 The most recent value is 229 index points as of Q4 2024, an increase compared to the previous value of 226.1 index points. Historically, the average for Israel from Q1 1994 to Q4 2024 is 111.39 index points. The minimum of 45.61 index points was recorded in Q1 1994, while the maximum of 229 index points was reached in Q4 2024. | TheGlobalEconomy.com

Israel IL: Price to Income Ratio: sa data was reported at 104.421 2015=100 in 2016. This records an increase from the previous number of 100.000 2015=100 for 2015. Israel IL: Price to Income Ratio: sa data is updated yearly, averaging 91.925 2015=100 from Dec 1995 (Median) to 2016, with 22 observations. The data reached an all-time high of 109.755 2015=100 in 1997 and a record low of 70.115 2015=100 in 2007. Israel IL: Price to Income Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Israel – Table IL.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by nominal disposable income per head. Net household disposable income is used. The population data come from the OECD national accounts database.

In the first quarter of 2023, the average price of dwellings in Jerusalem in Israel amounted to just over 2.5 million Israeli shekels (roughly 673,000 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.

Israel Dwellings Average Price: Haifa data was reported at 1,248.200 ILS th in Mar 2019. This records an increase from the previous number of 1,198.200 ILS th for Dec 2018. Israel Dwellings Average Price: Haifa data is updated quarterly, averaging 1,198.200 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,248.200 ILS th in Mar 2019 and a record low of 1,190.000 ILS th in Dec 2017. Israel Dwellings Average Price: Haifa data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

In the first quarter of 2023, the average price of dwellings in Haifa in Israel amounted to almost 1.64 million Israeli shekels (roughly 440,000 U.S. dollars). That was a slight increase compared to the previous quarter. The average price of residences in this city gradually increased during the observed period. Haifa is the third largest city in Israel.

Israel IL: Price to Rent Ratio: sa data was reported at 131.114 2015=100 in 2024. This records an increase from the previous number of 130.514 2015=100 for 2023. Israel IL: Price to Rent Ratio: sa data is updated yearly, averaging 81.510 2015=100 from Dec 1994 (Median) to 2024, with 31 observations. The data reached an all-time high of 133.527 2015=100 in 2022 and a record low of 61.180 2015=100 in 2003. Israel IL: Price to Rent Ratio: sa data remains active status in CEIC and is reported by Organisation for Economic Co-operation and Development. The data is categorized under Global Database’s Israel – Table IL.OECD.AHPI: House Price Index: Seasonally Adjusted: OECD Member: Annual. Nominal house prices divided by rent price indices

In 2023, the Israel Real Estate Market reached a value of USD 85.3 million, and it is projected to surge to USD 154.9 million by 2030.

The Israel Commercial Real Estate Market Report is Segmented by Property Type (Offices, Retail and More), by Business Model (Rental and Sales), by End User (Individuals / Households, Corporates & SMEs and More) and by Region (Tel-Aviv District, Jerusalem District and More). The Report Offers Market Size and Forecasts in Value (USD) for all the Above Segments.

In December 2024, the consumer price index (CPI) for housing in Israel was measured at 111.4 points. This was an increase compared to the previous month. Between January 2023 and December 2024, the CPI grew by 7.6 points, indicating an expansion in housing prices.

Israel Dwellings Average Price: 4.5 and 5 Rooms data was reported at 1,885.400 ILS th in Mar 2019. This records a decrease from the previous number of 1,893.900 ILS th for Dec 2018. Israel Dwellings Average Price: 4.5 and 5 Rooms data is updated quarterly, averaging 1,949.700 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,990.900 ILS th in Jun 2018 and a record low of 1,885.400 ILS th in Mar 2019. Israel Dwellings Average Price: 4.5 and 5 Rooms data remains active status in CEIC and is reported by Central Bureau of Statistics. The data is categorized under Global Database’s Israel – Table IL.P001: Average House Price: Dwellings.

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

In 2024, Israel was the country with the highest inflation-adjusted increase in house prices since 2010 among the Middle Eastern and African countries under observation. In the fourth quarter of the year, the real house price index in Israel exceeded *** index points, suggesting that, adjusted for inflation, house prices grew ** percent since 2010, the baseline year when the index value was set to ***. According to the nominal house price index, which does not adjust for the effects of inflation, the price increase was higher.

Housing Starts in Israel decreased to 17004 units in the first quarter of 2025 from 26139 units in the fourth quarter of 2024. This dataset provides the latest reported value for - Israel Housing Starts - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.