6 min read
Prices, trends and forecasts for the Tel Aviv metropolitan real estate market.
Tel Aviv continues to be the most expensive market in Israel, with average apartment prices exceeding ₪3.5 million in central neighborhoods.
Supply and Demand Dynamics
New construction permits have increased 12% year-over-year, driven by urban renewal projects under TAMA 38 and Pinui-Binui (evacuation-and-reconstruction) programs.
Despite rising interest rates, demand from young couples and olim (new immigrants) remains robust, supported by government subsidy programs.