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housing prices

New apartment buildings under construction in the southern city of Beersheba on November 18, 2022. (Gershon Elinson/Flash90)
April 21, 2023, 6:51 am
Housing prices finally dip, but market pressures mean a surge will likely follow
The only way is up, experts say. Falling prices in the residential market are unlikely to become a long-term trend even if home sales are currently at record lows
By Danielle Nagler
Finance Minister Bezalel Smotrich (left) presents the state budget at the Finance Ministry, in Jerusalem, on February 28, 2023. (Yonatan Sindel/Flash90)
April 16, 2023, 8:28 pm
Israel swings to budget deficit in March as state revenues from taxes fall
For the first time in nine months, Israel posts a budget deficit – of NIS 300 million, or 0.01% of GDP, due partly to a 43% drop in revenue from real estate taxes, says Treasury
By Sharon Wrobel
New buildings going up in Beer Yaakov on March 26, 2020. (Flash90)
April 14, 2023, 9:58 pm
Home prices slide for first time in years, but inflation remains steady
Central Bureau of Statistics says consumer price index rose by 0.4% in March over the previous month, but sees real estate costs dropping 0.2% as interest rates go up
By ToI Staff
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A view of a construction crane in the southern Israeli city of Ashdod, on June 21, 2022. (Nati Shohat/Flash90)
January 30, 2023, 9:47 pm
Central bank urges higher residential property tax to alleviate housing crisis
Bank of Israel: Increase tax on housing, and cut it on land zoned for business and commerce, to help encourage residential construction
By Sharon Wrobel
Attorney General Gali Baharav-Miara at a welcome ceremony for her in Jerusalem on February 8, 2022. (Yonatan Sindel/Flash90)
January 24, 2023, 1:07 pm
Daily Briefing Jan. 24: Netanyahu’s beef with the attorney general; Shabbat culture
Political correspondent Tal Schneider discusses latest political brouhaha and cultural storms; real estate writer Danielle Nagler talks housing prices and where to live in Israel
By ToI Staff
Passengers wait for a bus at the entrance to Jerusalem on August 1, 2022. (Olivier Fitoussi/Flash90)
January 15, 2023, 11:21 pm
Israel’s inflation at 5.3% in 2022, its highest level since 2008
Consumer price index rose 0.3% in December, led by gains in housing, food, transportation, and telecommunications prices, according to Central Bureau of Statistics
By Sharon Wrobel
A view of a construction crane in the southern Israeli city of Ashdod, on June 21, 2022. (Nati Shohat/Flash90)
December 29, 2022, 11:34 pm
6,500 subsidized homes on offer in latest Israeli housing lottery
As prices reach new heights, newest government raffle opens door for thousands of discounted apartments in 13 locations including Jerusalem, Ashdod, Sderot and Nahariya
By Danielle Nagler
Construction work for new housing in the settlement of Modi'in Illit. January 11, 2021. (Flash90)
December 15, 2022, 9:54 pm
Israel’s inflation accelerated to 5.3% in November, led by surge in housing costs
Annual inflation jumps to highest level since 2008, putting pressure on Bank of Israel to further hike interest rates
By Sharon Wrobel
Construction of new housing in the southern Israeli city of Beersheba on November 18, 2022. (Gershon Elinson/Flash90)
December 15, 2022, 9:41 pm
House prices keep soaring, marking record 20.3% rise in a year
Dramatic figure comes as other inflationary pressures ease, with consumer prices rising more slowly
By Danielle Nagler
United Torah Judaism leader Yitzchak Goldknopf at a conference in Tel Aviv, December 7, 2022. (Tomer Neuberg/Flash90)
December 7, 2022, 5:04 pm
Expected incoming housing minister: I don’t know if there is a housing crisis
‘From what I see, there is construction all around,’ United Torah Judaism leader Yitzhak Goldknopf says, with annual rise in home prices at highest level in recent memory
By ToI Staff
Safed Old City, November 2022 (Danielle Nagler)
December 1, 2022, 7:25 am
Real estate appraisals fall short of superheated prices, locking out buyers
Sellers looking to make top dollar and anxious buyers in a low-supply market often grapple with significant differences in asking price and estimated value set by appraiser
By Danielle Nagler
Illustrative. Apartment buildings under construction in Beersheba's Ramot neighborhood, August 2018. (verbaska_studio via iStock by Getty Images)
November 16, 2022, 9:16 am
Housing prices jump almost 20% in 2022, costs of consumer goods up 4.9%
Consumer Price Index shows 0.6% increase last month, inflation climbs to 5.1% in October 2022 compared to October 2021
By Ricky Ben-David
Illustrative: A "Sold" sign is on display on the lawn of a new house in Pearl, Miss., Thursday, Sept. 23, 2021. (AP/Rogelio V. Solis)
November 11, 2022, 9:05 am
For Israeli house hunters, NIS 300,000 goes further when you are farther from home
Part 2 of a Times of Israel series examining what $90,000 can get homebuyers looking to climb the nation’s steep real estate ladder — this time by looking at properties abroad
By Danielle Nagler
Religious Zionism leader Bezalel Smotrich arrives for coalition talks with Likud chief Benjamin Netanyahu, in Jerusalem, November 6, 2022. (Yonatan Sindel/Flash90)
November 8, 2022, 1:10 pm
Daily Briefing Nov. 8: What’s in store on religious matters and rental prices
Diaspora and religion reporter Judah Ari Gross looks at US Jews’ reaction to Israeli election results, as real estate editor Danielle Nagler discusses rental market and hotels
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