Israel’s housing market is in a hunch. October 2025 was one of many lowest months when it comes to the variety of offers in current many years, in keeping with the Chief Economist’s information on the housing market printed right this moment.
Solely 4,518 flats have been offered in October, a traditionally low determine. Up to now 15 years, there have been solely a number of months through which fewer flats have been bought. In October 2011, when the general public was ready for the implementation of the conclusion of Trajtenberg Committee’s conclusions of the Trajtenberg Committee, which had been set as much as decrease the price of residing, following social protests; in April 2020, when the nation was beneath lockdown throughout the Covid pandemic; and in October 2023, when the conflict broke out.
This exhibits that even when a part of the low variety of purchases is defined by the vacations that fell within the first half of October, the amount was nonetheless significantly low in contrast with many different vacation months celebrated lately.
Actual property builders proceed to endure sharp declines In gross sales. Builders gross sales in October totaled 1,917 flats, together with discounted flats offered in financing packages. This can be a 14% lower in contrast with October 2024.
Specializing in houses offered on the free market, thus not together with houses offered in authorities backed packages, the disaster is much more evident, In October just one,038 new flats have been offered on the free market, which means that 46% of all gross sales in October of recent flats have been in government-subsidized lottery packages. This determine additionally signifies a extreme downturn out there and that patrons usually are not even coming to gross sales workplaces.
Probably the most distinguished area within the gross sales decline of builders
September 2025 noticed a 29% lower within the whole variety of new flats offered and a 42% lower in gross sales on the free market.
The southern area is probably the most distinguished area within the decline in gross sales by residence builders. In response to the chief economist, of the eight southern cities which can be distinguished of their actual property markets, solely Kiryat Gat recorded a rise within the variety of offers in January-October 2025, in contrast with the corresponding interval of 2024.
Netivot, which leads gross sales by builders in 2025, has recorded a 2% lower in gross sales, with 970 flats offered there. The opposite six cities which can be notable on this area recorded a a lot sharper decline, with Beersheva standing out. 361 new flats have been offered on the free market for the reason that starting of the yr in Beersheva, in contrast with 844, down 60%, from the corresponding interval final yr.
Gross sales in Ashkelon have additionally fallen sharply, with 430 flats offered this yr, down 44% from the identical interval final yr, whereas Ofakim, recorded a fall of about 30% and within the first ten months of the yr 560 new flats have been offered there on the free market.
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The survey additionally discovered that builders proceed to offer patrons with financing advantages, however in lowered quantities, The prevalence of those advantages in October reached 26% of transactions through which the supply time of the flats is as much as a yr, whereas in March they comprised 50% of those transactions. The rationale for the lower is the restrictions imposed by the Financial institution of Israel.
Printed by Globes, Israel enterprise information – en.globes.co.il – on December 10, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
