Globes, Eric Mirowski, 15.05.2020
Corona aspects and its effects on the housing market have not yet begun to emerge, except for a natural contraction in the volume of transactions, but the CBS data released on Friday indicates most sharply that, without the epidemic, by 2020 there was an excellent chance of bringing home prices up a pace Several years ago, because in the first quarter of the year, the housing price index rose by almost 2%, which represents an annual rate of almost 8%, just like that of 2015, when Moshe Kahlon began his tenure as finance minister. The averages purchased in the first quarter of 2020 crossed the NIS 1.6 million threshold for the first time, despite the high rate of sale of apartments under "Price per Housing". The new apartments, a large proportion of which were sold under the government plan - rose 3% from the beginning of the year.
For the first time, the CBS publishes apartment prices according to room sizes in the 16 major cities, in accordance with the recommendations of the Housing Data Improvement Committee, about three years ago. These are prices that are, in fact, simple averages of transaction prices in the last quarter. This is an important step forward, with one heavy reservation. - Sample size In some types of apartments included in the survey, very small quantities of apartments were made, not much more than ten, and therefore it is difficult to draw too deep conclusions from them; in places such as Kfar Saba, Bnei Brak and Bat Yam, fewer than 300 transactions were carried out in the first quarter Of the year, so it's hard to know how reliable the information was, in places like Ashkelon and Beit Shemesh Many deals in this quarter, more than 500 transactions this quarter, but most of them appear to have been done in new apartments (as part of the cost per dweller, but not only), so the findings do not make it clear what the real price levels are in these cities.
However, this is a valuable piece of information that refined several years ago by the government appraiser, discontinued on the pretext that the statistics on housing prices should be edited only by the CBS. So far, private websites such as Madeleine and yad2 have been provided. Return to Beit Shemesh. The city averages jumped about 18% in the last year from April 20-19 to March 2020, to NIS 1.41 million, especially housing prices of 5.5-6 rooms, which saw a 20% rise in prices to an average of NIS 1.65 million, which shows Probably for the great need of the residents of the city who compete in large apartments; followed by the rise, the Queen of Tama 38 comes to Ramat Gan, where house prices rose 11.2% this year, to an average level NIS 2.19 million of all transactions were made in the city in the first quarter of this year; The prices of 4.5 to 5 rooms have risen with an increase of 12% to NIS 2.84 million on average. Again, it's important to note that these are the average transaction prices in the city in the first quarter of this year,And apparently new or renovated apartments sold under the GDPR - raised the level of transactions.
Both neighboring Holon and Bat Yam have seen average apartment prices rise by about 10% over the past year. Holon's prices reached NIS 1.79 million on average and in Bat Yam - NIS 1.73 million.
Of the three major cities, Jerusalem stands out, with a 8.3% increase in the price during the year, to an average of NIS 2.14 million per apartment sold; The picture in the capital is very unique, since on the one hand there was a large price increase in the prices of small apartments of 1-2 rooms for NIS 1.4 million, and for large apartments of 5.5-6 rooms, which jumped 16.5% to NIS 3.8 million.
Haifa prices rose 7.7% to NIS 1.31 million on average. Dov stared the apartments in sizes of 4.5-5 rooms on the rise, whose average price in the city rose by 5.6% in the past year to NIS 2.1 million.
In Tel Aviv, there was a relatively moderate increase of 3.4% to an average price level of NIS 2.97 million. The sizes of apartments that rose in price during the past year were actually the smallest: 1-2 room apartments rose 10.3% to NIS 2.14 million and 2.5-3 room apartments rose 12.6% to NIS 2.73 million. Presumably, urban renewal projects located in the south of the city that include many small apartments have contributed to these price increases.
But not everything was price increases. In Netanya, on average, prices fell by 4.2% to NIS 1.69 million, and there is currently no explanation. Except for the small 1-3-room apartments - all apartment sizes in the city recorded declines of more than 10%.