We had a strange year, and this is also reflected in the prices of the apartments.
Mixed trend for 3 and 4 rooms, increase in large apartments
Caption: Ramla.
4.59% increase
Photography:
Wikipedia
Produced by the Department of Special Supplements
This week, the Yad2 website published its annual summary for 2020 in the real estate industry. The data shows a fascinating and different trend compared to previous years - mainly due to the corona crisis. So what did we have this year? Attached is the full review of the Yad2 website.
Yavin Gilmore, CEO of Yad2: "Since the end of the first closure in May, the activity of buyers and sellers has accelerated.
This is reflected in the fact that the demand or the number of surfers who searched for a property on the site increased significantly compared to 2019, and of course in the high number of transactions recorded in the second half of the year.
Since August, the volume of transactions made by investors has reached an annual high of about 18%.
In the current demand environment and low interest rates, it is unlikely that we will see a drop in prices. "
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Gilmore points out that the fact that the real estate market has successfully overcome the crisis is a positive point for the Israeli economy. "A market that is stagnant and one that is recording significant price declines is a strong indication of a recession and damage to the economy," he noted.
3 rooms: Rosh HaAyin at the top
In the prices of 3-room apartments, there has been a mixed trend in the past year of a moderate rise in prices in a number of cities.
In other cities, there have been slight declines.
Leading the table of increases is Rosh HaAyin, with an annual increase of 2.93%, with the average price of a 3-room apartment standing at NIS 1,377,222.
This is compared to the beginning of the year, when the price was 1,338,000 - about 40,000 shekels difference.
Next on the list of increases is Or Yehuda, which recorded a rise in the prices of 3-room apartments of 1.75% in the past year (NIS 1,297,000 at the end of the year compared to NIS 1,274,725 at the beginning).
In third place in the table of price increases of 3 rooms is Petah Tikva with an increase of 1.35% (NIS 1,338,877 compared to NIS 1,350,714).
Other cities that recorded slight price increases are Ramla (1.31% increase), Modi'in-Maccabim-Reut, Kiryat Bialik, Beit Shemesh, Eilat, Herzliya, Ashdod, Haifa, Kiryat Ata, Jerusalem, Holon, Bat Yam, Rehovot, Carmiel and Ashkelon, Recorded a slight increase of less than one percent.
Those who have maintained more or less the same level of prices are Bnei Brak and Netanya.
Netivot is leading the price decreases in 3-room apartments in 2020, with a sharp decrease of 4.88%, when a 3-room apartment at the beginning of the year cost NIS 741,000, and today it is possible to pay NIS 40,000 less - NIS 705,000.
Safed is in second place in the table of declines, with prices of NIS 649,000 at the beginning of the year, compared with NIS 627,000 at the end - a decrease of 3.36%.
Hod Hasharon recorded a price decrease of 2.25% in 3-room apartments (1,650,000 at the beginning of 2020, compared to 1,612,857 at the end).
Other cities that recorded a decrease are Raanana, Yavne, Kiryat Motzkin, Ness Ziona, Kiryat Ono, Kfar Saba, Givatayim, Lod, Ramat Gan, Tel Aviv, Tiberias, Hadera, Rashen Lezion, Afula, Ramat Hasharon, Kiryat Yam, Beer Sheva and Dimona, With decreases of between 1.76% (Raanana) and 0.13% (Dimona).
4 rooms: Level city
There has also been a mixed trend in the area of 4-room apartment prices over the past year.
The table of increases in this area is led by Ramat Hasharon, with a 2.27% increase in prices, with the price of an average 4-room apartment standing at NIS 2,979,348 at the end of 2020, compared to NIS 2,913,333 at the beginning.
In second place is Rosh HaAyin with an increase of 1.74% (NIS 1,723,125 at the beginning of 2020, compared to NIS 1,753,143 at the end).
In third place is Eilat with a nice increase of 1.37% (NIS 1,264,500 at the beginning of the year compared to 1,281,818 today).
There were also increases of more than one percent of Karmiel (1.32%), Ashkelon (1.19%), Hod Hasharon (1.18%), Kfar Saba and Kiryat Ata (1.01%).
Increases of less than one percent were recorded in Lod, Holon, Kiryat Ono, Tel Aviv, Netanya, Kiryat Yam, Beer Sheva, Modi'in-Maccabim-Re'ut, Herzliya, Afula and Rishon Lezion.
In the streets, Ashdod and Ness Ziona there were no changes in the price level.
Or Yehuda leads the table of declines in 4-room apartment prices in 2020 with a decrease of 3.06% (NIS 1,832,250 at the beginning of the year compared to NIS 1,776,267 at the end).
In second place in the table of declines is Dimona, which recorded a decrease of 2.6% (from NIS 770,000 at the beginning of the year to NIS 750 at the end).
In third place is Safed, where the prices of 4-room apartments have fallen by 1.65% in the past year (NIS 905,000 at the beginning of the year, compared with NIS 890,000 today).
They also recorded slight declines of between 1.4% (Raanana) and 0.8% (Petah Tikva): Beit Shemesh, Kiryat Bialik, Bat Yam, Netivot, Bnei Brak, Ramla, Ramat Gan, Hadera, Givatayim, Kiryat Motzkin, Tiberias, Haifa, Jerusalem and Yavne.
5 rooms: Ramla Ole
In 5-room apartments, price increases were recorded in most parts of the country in the past year.
Ramla is at the top of the list of increases, with an average increase of 4.59%.
An average 5-room apartment cost NIS 1,781,000 at the beginning of the year, and today it already costs NIS 1,862,500 - an increase of more than NIS 80,000.
In second place is Or Yehuda, with an increase of 2.7%, from an average price of NIS 1,850,000 at the beginning of the year to 1,900,000 today.
In third place is Eilat with an increase of 2.58% - NIS 1,590,000 today, compared to NIS 1,550,000 at the beginning of the year.
Proper increases were also recorded in Rosh HaAyin (2.47%), Karmiel (1.98%) and Hod Hasharon (1.3%).
Slight price increases were recorded in Bat Yam, Lod, Haifa, Ness Ziona, Beer Sheva, Kiryat Ono, Ashdod, Petah Tikva Dimona, Rehovot, Hadera, Yavne, Modi'in-Maccabim-Reut, Tel Aviv, Beit Shemesh, Givatayim, Rishon Lezion, Ashkelon And Holon.
Keep prices Ramat Hasharon and Afula.
The price reduction table in this category is led by Kiryat Motzkin with a decrease of 3.96%, from a price of NIS 1,640,000 at the beginning of the year to 1,575,000 today.
In second place is also a city in the Krayot - Kiryat Bialik, which recorded a decrease of 2.69%, from 1,413,000 at the beginning of the year to 1,375,000 today.
In third place is Kfar Saba, where prices fell by 2.27%, from NIS 2,500,000 to NIS 2,443,000.
Kiryat Yam also recorded a significant decrease when it lost 2.15% in the value of 5-room apartments.
Slight declines of less than 2% were recorded by Netivot, Raanana, Bnei Brak and Tiberias.
Very slight declines of a few tenths of a percent were recorded in Kiryat Ata, Safed, Netanya, Jerusalem, Ramat Gan and Herzliya.
6 rooms: Rising demand
6-room apartments are a less sought-after commodity in general.
It turns out that since July 2019, when 94,568 of Yad2 users searched for such apartments, in November-December 2020, between 135,672 and 142,982 searches were registered.
Produced by the Department of Special Supplements