Israeli property prices have been moving steadily upwards for the past decade. Israel did not suffer the same real estate crisis as much of the rest of the Western world. People talk about Israel’s real estate bubble bursting but, unlike other economies, demand for property is partly driven by increasing immigration and planned Aliyah, which is currently a strong upwards trend.
At Creative Estates Israel, we carefully monitor Israeli real estate prices and Israeli apartment prices in different cities, together with the strength of local rental markets, so that we can advise investors on the relative benefits of investing in these apartments for rental.
Israel Property Prices
This Israeli apartment price chart is presented for comparison purposes only and shows the increase in average apartment prices in each city over the past 8 years.
Comparative Average Prices of 4-room Apartments:
(Sale Prices in 2011 and 2019 in NIS)
(Source: Yad2)
| City | Price in 2011 | Price in 2019 | % Increase |
|---|---|---|---|
| Jerusalem | 1,941,380 | 2,715,000 | 40 |
| Tel Aviv - Jaffa | 2,373,703 | 3,726,657 | 57 |
| Haifa | 919,015 | 1,366,906 | 49 |
| Herzliya | 1,966,308 | 2,653,371 | 35 |
| Ramat Gan | 1,992,585 | 2,866,652 | 44 |
| Netanya | 1,269,700 | 1,932,359 | 52 |
| Bat Yam | 1,373,903 | 2,209,321 | 61 |
| Ashkelon | 807,838 | 1,295,525 | 60 |
| Ra'anana | 1,776,848 | 2,260,176 | 27 |
| Lod | 855,825 | 1,520,000 | 78 |
| Ramle | 995,798 | 1,673,751 | 68 |
Click here to find out more about the real estate market in different Israeli cities.
If you would like more information about Israeli property price trends and the strength of the rental markets in Israeli cities, contact Creative Estates today for a confidential consultation without obligation.