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.

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.

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.

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.

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.

In 2024, the Israel was the country with the highest nominal increase in house prices among the Middle Eastern and African countries under observation. In the fourth quarter of the year, house prices in Israel rose by over **** percent annually, whereas globally, the increase was **** percent. These figures are based on the development of the nominal house price index, with 2010 chosen as a baseline year. Furthermore, it is important to note that the nominal index does not account for the effects of inflation, meaning that price growth in real terms was slower.

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.

Key information about Israel Real Residential Property Price Index Growth

• Israel Real Residential Property Price Index Growth was reported at 2.698 % in Sep 2024.
• This records an increase from the previous number of 1.643 % for Jun 2024.
• Israel Real Residential Property Price Index Growth data is updated quarterly, averaging 1.756 % from Mar 1995 to Sep 2024, with 119 observations.
• The data reached an all-time high of 16.424 % in Mar 2010 and a record low of -9.590 % in Jun 2003.
• Israel Real Residential Property Price Index Growth 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: YoY %.

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

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

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 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 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.

Key information about Israel Nominal Residential Property Price Index

• Israel Nominal Residential Property Price Index was reported at 226.175 2010=100 in Sep 2024.
• This records an increase from the previous number of 224.001 2010=100 for Jun 2024.
• Israel Nominal Residential Property Price Index data is updated quarterly, averaging 82.433 2010=100 from Mar 1994 to Sep 2024, with 123 observations.
• The data reached an all-time high of 226.175 2010=100 in Sep 2024 and a record low of 45.614 2010=100 in Mar 1994.
• Israel Nominal 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 Nominal Residential Property Price Index: 2010=100: Quarterly.

Israel Dwellings Price Index: Owner Occupied data was reported at 611.700 1993=100 in Jan 2025. This records an increase from the previous number of 606.200 1993=100 for Dec 2024. Israel Dwellings Price Index: Owner Occupied data is updated monthly, averaging 225.300 1993=100 from Jan 1994 (Median) to Jan 2025, with 373 observations. The data reached an all-time high of 611.700 1993=100 in Jan 2025 and a record low of 117.200 1993=100 in Jan 1994. Israel Dwellings Price Index: Owner Occupied 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.EB005: Dwellings Price Index. Dwellings Price Index is calculated according to 'Survey of Housing Prices'. As of January 2009, these surveys serve as an indicator to changes in housing prices are not part of the Consumer Price Index. [COVID-19-IMPACT]

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

Key information about Israel Nominal Residential Property Price Index Growth

• Israel Nominal Residential Property Price Index Growth was reported at 6.226 % in Sep 2024.
• This records an increase from the previous number of 4.506 % for Jun 2024.
• Israel Nominal Residential Property Price Index Growth data is updated quarterly, averaging 4.906 % from Mar 1995 to Sep 2024, with 119 observations.
• The data reached an all-time high of 20.596 % in Jun 1996 and a record low of -8.297 % in Jun 2003.
• Israel Nominal Residential Property Price Index Growth 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 Nominal Residential Property Price Index: 2010=100: Quarterly: YoY %.

Israel Home Appliances Market size was valued at 462.5 USD Million in 2023 and is projected to reach USD 791.80 Million by 2031 growing at a CAGR of 11.36% from 2024 to 2031.

Key Market Drivers:

Rising Disposable Income: The steady increase in household disposable income across Israel, combined with urbanization and growing consumer preference for premium appliances, creates significant opportunities for manufacturers to develop high-end products. The trend towards luxury residential developments and modern housing projects further supports demand for sophisticated home appliances with advanced features and smart capabilities.

Smart Home Integration: The rapid adoption of smart home technologies and IoT-enabled appliances drives market growth significantly. The increasing integration of artificial intelligence and machine learning in home appliances, coupled with growing consumer interest in connected homes, creates strong demand for innovative products that offer enhanced convenience and automation capabilities while supporting energy efficiency goals.

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.