The Israeli housing market is sliding into recession. This is indicated by the data of the Central Statistical Bureau for January 2025. In December, there was a stir in the market among those who sought to purchase apartments before the VAT increase, that is, before the beginning of 2025. The situation calmed down in January, and supply volumes are now breaking records again.
Tel Aviv is a leader in sales of new buildings. About 60% of apartments sold in the city are in new projects. Tel Aviv also has a large supply of primary housing.
Haifa is the leader in sales of secondary real estate.
Between November 24 and January 25, 871 apartments in a new building were sold in Tel Aviv. This is followed by Jerusalem (767 transactions), Ofakim (760 transactions) and Lod (686 transactions).
Source: The Jerusalem Post
