Israel’s housing market is in a droop. October 2025 was one of many lowest months when it comes to the variety of offers in latest a long time, in line with the Chief Economist’s information on the housing market printed as we speak.
Solely 4,518 residences had been offered in October, a traditionally low determine. Up to now 15 years, there have been solely a number of months through which fewer residences had 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 dwelling, following social protests; in April 2020, when the nation was below lockdown throughout the Covid pandemic; and in October 2023, when the struggle 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 quantity 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 residences, together with discounted residences offered in financing packages. It is 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 only one,038 new residences had been offered on the free market, that means that 46% of all gross sales in October of latest residences had been in government-subsidized lottery packages. This determine additionally signifies a extreme downturn out there and that patrons will not be even coming to gross sales places of work.
Essentially the most distinguished area within the gross sales decline of builders
September 2025 noticed a 29% lower within the complete variety of new residences 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 house builders. In keeping with the chief economist, of the eight southern cities which might 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 residences offered there. The opposite six cities which might be notable on this area recorded a a lot sharper decline, with Beersheva standing out. 361 new residences have been offered on the free market because the 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 residences 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 residences had 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 residences 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.
Revealed by Globes, Israel enterprise information – en.globes.co.il – on December 10, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
