Housing costs in Haifa have risen 7.5% because the begin of the conflict, and is the district of Israel with the most important worth will increase, in line with the most recent information from the Central Bureau of Statistics. The district contains Haifa itself in addition to the Krayot, Nesher, Tirat Hacarmel and different small cities within the space like Rechasim the place 296 properties had been not too long ago bought to haredi consumers in authorities backed applications.
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In keeping with the info, 18% of all of the offers within the district between December 2023 and Could 2024 had been in Haifa. Within the second-hand market, Haifa’s share rises to 37% of offers within the district. The variety of second-hand offers within the metropolis (1,597) was the best within the nation throughout these months. Accordingly, the proportion of recent flats in all offers accomplished within the Haifa district throughout this era is comparatively low and stood at 39%, in contrast with 48% on the nationwide stage.
This has main significance in understanding the value rises within the Haifa market, as a result of the Central Bureau of Statistics information clearly present that almost all of the value will increase had been recorded in second-hand flats. In whole, costs have elevated because the second month of the conflict by 5.3%, whereas the value index for brand spanking new flats has elevated by solely 2%. Since there isn’t any index per sq. meter for the costs of second-hand flats, it’s doable to faucet from the info that their worth elevated throughout this time by about 8%. And if in Haifa the proportion of all offers was larger, then the typical worth will increase had been additionally larger.
Demand for safety rooms is rising
“You see traders flocking to Haifa and searching for low-cost flats, which used to value lower than one million shekels, and right this moment are barely extra,” says appraiser Asi Avni. “In Hadar Carmel, a 3-room house was bought in February 2023 for NIS 940,000, and right this moment an an identical house on the ground above was bought for NIS 1.02 million. It is a big distinction for such a brief interval.”
Revealed by Globes, Israel enterprise information – en.globes.co.il – on July 16, 2024.
© Copyright of Globes Writer Itonut (1983) Ltd., 2024.
