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.

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 (QILR628BIS) from Q1 1994 to Q1 2025 about Israel, residential, HPI, housing, real, price index, indexes, and price.

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).

Israel Dwellings Average Price: Jerusalem: 3.5 and 4 Rooms data was reported at 1,690.400 ILS th in Mar 2019. This records a decrease from the previous number of 1,859.000 ILS th for Dec 2018. Israel Dwellings Average Price: Jerusalem: 3.5 and 4 Rooms data is updated quarterly, averaging 1,907.800 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 2,021.100 ILS th in Sep 2018 and a record low of 1,690.400 ILS th in Mar 2019. Israel Dwellings Average Price: Jerusalem: 3.5 and 4 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.

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.

As of 2020, roughly ******* households in Jerusalem in Israel lived in self-owned dwellings. This type of residency constituted the most common one in this city at that year, followed by a rented residence. Around ****** households lived in rented housing in the same year.

The Israeli commercial real estate market exhibits robust growth potential, projected to reach a substantial market size. While the exact 2025 market size ("XX") is unavailable, considering a CAGR of 6.12% from a likely base year (let's assume 2019), and the presence of major players like Azrieli Group, Gazit-Globe, and Melisron, a conservative estimate for the 2025 market size could be in the range of $15-20 billion. This reflects a strong and growing economy alongside significant investment in infrastructure and technology sectors, driving demand for office, retail, and industrial spaces. The market is segmented, with office spaces likely dominating, followed by retail and then industrial properties. Key drivers include increased foreign investment, a burgeoning tech sector expanding its footprint, and government initiatives promoting urban development. Trends indicate a shift towards sustainable and smart building technologies, as well as increasing demand for flexible workspaces and e-commerce-driven retail adaptations. However, restraints such as geopolitical uncertainty and potential interest rate fluctuations could temper growth in the coming years. The forecast period from 2025 to 2033 anticipates continued expansion, driven by factors such as ongoing population growth, increased tourism, and the ongoing development of strategically important locations. The major players mentioned – Azrieli Group, Gazit-Globe, Melisron, Arko Holdings, Ashtrom Group, and Elbit Imaging – will continue to shape the market's dynamics through strategic acquisitions, developments, and management of existing properties. The 6.12% CAGR suggests substantial growth opportunities within specific segments, particularly those aligned with emerging technologies and sustainable practices. Analyzing regional performance within Israel would further refine understanding of growth disparities and investment opportunities. The market shows promise, but prudent risk assessment concerning geopolitical factors and economic fluctuations is advised. 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.

Israel Dwellings Average Price: Jerusalem data was reported at 1,614.100 ILS th in Mar 2019. This records a decrease from the previous number of 1,804.900 ILS th for Dec 2018. Israel Dwellings Average Price: Jerusalem data is updated quarterly, averaging 1,854.100 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 1,903.800 ILS th in Sep 2018 and a record low of 1,614.100 ILS th in Mar 2019. Israel Dwellings Average Price: Jerusalem 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.

Israel Dwellings Average Price: Jerusalem: 5.5 and 6 Rooms data was reported at 2,384.800 ILS th in Mar 2019. This records a decrease from the previous number of 2,864.700 ILS th for Dec 2018. Israel Dwellings Average Price: Jerusalem: 5.5 and 6 Rooms data is updated quarterly, averaging 2,862.300 ILS th from Mar 2017 (Median) to Mar 2019, with 9 observations. The data reached an all-time high of 3,036.600 ILS th in Mar 2017 and a record low of 2,384.800 ILS th in Mar 2019. Israel Dwellings Average Price: Jerusalem: 5.5 and 6 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.

State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data was reported at 99.768 2018=100 in Feb 2019. This records a decrease from the previous number of 99.947 2018=100 for Jan 2019. State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data is updated monthly, averaging 99.768 2018=100 from Dec 2018 (Median) to Feb 2019, with 3 observations. The data reached an all-time high of 99.947 2018=100 in Jan 2019 and a record low of 99.695 2018=100 in Dec 2018. State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data remains active status in CEIC and is reported by Palestinian Central Bureau of Statistics. The data is categorized under Global Database’s State of Palestine (West Bank and Gaza) – Table PS.I001: Consumer Price Index: 2018=100.

State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Weight: Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data was reported at 11.352 % in 2017. This stayed constant from the previous number of 11.352 % for 2016. State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Weight: Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data is updated yearly, averaging 11.352 % from Dec 2016 (Median) to 2017, with 2 observations. The data reached an all-time high of 11.352 % in 2017 and a record low of 11.352 % in 2017. State of Palestine (West Bank and Gaza) Consumer Price Index (CPI): Weight: Jerusalem: Housing, Water, Electricity, Gas and Other Fuels data remains active status in CEIC and is reported by Palestinian Central Bureau of Statistics. The data is categorized under Global Database’s State of Palestine (West Bank and Gaza) – Table PS.I005: Consumer Price Index: Weights: 2018=100.

Dwellings Average Price: Jerusalem在2019-03达1,614.100 ILS th，相较于2018-12的1,804.900 ILS th有所下降。Dwellings Average Price: Jerusalem数据按季度更新，2017-03至2019-03期间平均值为1,854.100 ILS th，共9份观测结果。该数据的历史最高值出现于2018-09，达1,903.800 ILS th，而历史最低值则出现于2019-03，为1,614.100 ILS th。CEIC提供的Dwellings Average Price: Jerusalem数据处于定期更新的状态，数据来源于Central Bureau of Statistics，数据归类于Global Database的以色列 – Table IL.P001: Average House Price: Dwellings。