Housing prices in Israel have gained momentum, with most of the increases recorded in the prices of new apartments. Financing operations by contractors have contributed to the increase. The Central Bureau of Statistics reported a 0.6% rise in housing prices between September-October 2024 and October-November 2024, and a 7.8% rise in the year between October-November 2023 and October-November 2024. New tenants are paying 4% more in housing rents than previous tenants, and new leases for contract renewals increased by 2.6% over the past year. The Tel Aviv District saw the highest increase in housing prices, while Haifa and the North recorded the highest annual increases.
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Original article source: https://en.globes.co.il/en/article-housing-price-rises-gain-momentum-1001499596
Source Id: 8502849619