Jerusalem led in housing gross sales within the first quarter of 2025, with 1,554 residences bought within the metropolis, the Central Bureau of Statistics studies. In second place was Tel Aviv, with 1,174 residences bought, adopted by Haifa (1,084 residences), and Beersheva (1,002 residences). The variety of housing offers within the first quarter was
23,600 housing transactions had been accomplished within the first quarter of 2025, down 9% from the primary quarter of 2024, and down 6% from the previous quarter. That is the third consecutive quarter during which there was a lower within the variety of transactions. Since June 2024, there was a mean month-to-month lower of two.6% within the sale of recent residences, and since November 2024, a mean month-to-month lower of two.3% within the variety of second-hand residences bought.
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Lower within the variety of housing offers in large cities
That is additionally mirrored in municipal knowledge, and in a lot of the large cities, declines had been reported within the variety of transactions, particularly in new residences. In Jerusalem, out of the 1,554 residences bought within the first quarter, 38% had been new residences. Furthermore, the variety of new residences bought on this quarter fell by 23% from the fourth quarter of 2024. In Tel Aviv, out of the 1,174 properties bought within the first quarter, 45% had been new residences. This can be a shocking determine, since lately nearly all of purchases in Tel Aviv had been of recent residences. This is because of a 41% fall within the buy of recent residences.
In Haifa and Beersheva, with 1,084 and 1,002 residences bought respectively bought within the first quarter, a lot of the markets in these two cities had been primarily based on second-hand residences, and solely 18% of the residences bought in every of those cities had been new residences. Each cities noticed sharp declines within the numbers of recent residences bought: in Haifa, 44% and in Beersheva, 52%.
Lod was ranked fifth by way of residence purchases, and high by way of new residences bought with a report 620 new residences bought, beating Jerusalem in second place with 598 new residences bought within the first quarter and Tel Aviv with 538. A complete of 880 residences had been bought in Lod, adopted by Netanya (725) and Petah Tikva (721). These two cities additionally noticed declines in new residence gross sales.
This decline has led to a continued enhance within the provide of unsold new residences, which reached 78,620 housing items on the finish of March, 12.5% of which (9,790 residences) are in Tel Aviv, and 9% (7,384) in Jerusalem.
Different cities that stand out by way of unsold new residences are Bat Yam (4,092), Ramat Gan (3,669) and Netanya (3,531).
Revealed by Globes, Israel enterprise information – en.globes.co.il – on Could 14, 2025.
© Copyright of Globes Writer Itonut (1983) Ltd., 2025.
