An old building in Givatayim, without MMD/courtesy of those photographed, Niki Truk
The report of the chief economist at the Treasury published yesterday (March 12) shows that the total number of transactions in second-hand apartments in January was 4,337 apartments - a decrease of 5% compared to January 2023. This, when the market for new apartments registered a sharp increase of 46% compared to January last year.
According to these data, it is likely that significant sales promotions by the contractors, which began in 2023 and continued last January, focusing on favorable financing conditions for buyers, contributed to the considerable recovery in this market segment.
In addition, it can be assumed that the buyers' preference for apartments with MMD contributed on the one hand to the increase in the purchase of new apartments and on the other hand to the continued shuffling in the sale of second-hand apartments. In a
geographical segmentation it was found that in half of the ten real estate taxation areas there was an increase in these transactions compared to January of last year, although at relatively moderate rates , with the exception of the Rehovot area, which recorded an increase of 10%, this after particularly sharp decreases in the previous months. On the other hand, the Tel Aviv area stands out with a sharp decrease of 29% and the Bash area with a 15% decrease. In this context, we recall that in the sales of contractors in the free market area BS actually led the sales, with an increase of 51% compared to January last year.
And what about the investors?
When segmenting new apartments near Shania, it was found that about half of the investors' purchases were of new apartments.
The highest frequency of new apartments among the total purchases by investors was recorded in the Jerusalem area, where these accounted for about 60% of the total apartments purchased by investors in this area.
On the other hand, in the Haifa area only about 30% of the apartments purchased by investors were new apartments.
The area of Bashkortostan, which until the outbreak of the war was also characterized by a relatively low rate of new apartment purchases, registered a relatively high rate of new apartments in the month of January, when these accounted for about half of the total number of apartments purchased. It is likely that the growing preference of renters for apartments with MMM contributed to this increase d.
Has this trend in the second-hand apartment market also affected transactions in your city?
These were the transactions that took place last week in the used apartment market throughout the country:
Beer Sheva
A 4-room garden apartment in the Ramot neighborhood, on Gideon Hauzner Street, 151 square meters + garden 75 square meters, 4 floors in a building, with parking and an elevator, sold for NIS 1,700,000 (Re/Max Plus)
4-room apartment on Sderot Yitzhak Reger Street in neighborhood D, 65 square meters, 3rd floor out of 3, sold for NIS 860,000 (Re/Max Plus)
5-room apartment on Michael Hanegbi Street, Ramot neighborhood, 133 square meters + 12 square meters balcony, 3rd floor out of 6 with parking and elevator, sold for NIS 1,540,000 (Re/Max Plus)
4-room apartment on Kadesh Street in neighborhood D., 72 square meters, 3rd floor out of 3, sold for NIS 835,000 (Re/Max Plus)
A 4-room apartment on Derech HaMezhahim street in neighborhood B, 95 square meters, 2nd floor out of 3, sold for NIS 870,000 (Re/Max Plus)
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Karmit
A 5-room villa on Hofit Street in the settlement of Carmit, 140 square meters built + 200 square meters garden on an area of 585 square meters with parking, sold for NIS 2,585,000 (Re/Max Plus)
streets
3-room apartment on Yavne Road, 75 square meters, 3rd floor out of 4, with parking, sold for NIS 1.825 million (Anglo-Saxon)
Haifa
A 4-room apartment on Ha Scopus Street in the center of Carmel neighborhood, 120 square meters, 2nd floor of 2, without parking and elevator, with a sea view, sold for NIS 2.7 million (Anglo Saxon)
3.5 room apartment on Ovadia Street in the Ramat Hatshebi neighborhood, 75 square meters, 2nd floor out of 2, without elevator and parking, sold for NIS 1.05 million (Anglo Saxon)
Haifa city streets/ShutterStock
Migdal Haemek
3-room apartment, Shumron Street, 61 square meters, 3rd floor out of 3, sold for NIS 730,000 (Re/Max Hamek)
earing
5-room apartment, Kalnit Street, 112 square meters + 16 square meters balcony, 3rd floor out of 6 with parking and an elevator, sold for NIS 1,545,000 (Re/Max New City)
5-room apartment on Shoham Street, 105 square meters + 12 square meters balcony, 3rd floor out of 5, with elevator and parking, sold for NIS 1,450,000 (Re/Max New City)
Holon
4-room apartment on Gaolim Street, 90 square meters + 6 square meters balcony, 4th floor out of 7 with an elevator, sold for NIS 2,040,000 (Re/Max Center)
4-room apartment on Avivim Street, 104 square meters, 7th floor out of 9 with an elevator, sold for NIS 1,850,000 (Re/Max Center)
5-room apartment, Uri Almog Street, 136 square meters + 17 square meter sun terrace, 1st floor out of 12 with elevator and parking, sold for NIS 3,690,000 (Re/Max Center)
Bat Yam
3.5 room apartment on Bar Yehuda Street, 70 square meters, 2nd floor out of 4, sold for NIS 1,577,000 (Re/Max Center)
3-room apartment on HaCarmel Street, 70 square meters, 2nd floor out of 4, sold for NIS 1,697,000 (Re/Max Center)
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