Housing costs in Haifa have risen 7.5% because the begin of the battle, and is the district of Israel with the largest worth will increase, based on the newest 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 have been lately offered to haredi consumers in authorities backed packages.
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In accordance with the info, 18% of all of the offers within the district between December 2023 and Could 2024 have 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 latest 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 degree.
This has main significance in understanding the worth rises within the Haifa market, as a result of the Central Bureau of Statistics information clearly present that almost all of the worth will increase have been recorded in second-hand flats. In whole, costs have elevated because the second month of the battle by 5.3%, whereas the worth 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 higher, then the typical worth will increase have been additionally higher.
Demand for safety rooms is rising
“You see buyers flocking to Haifa and in search of low-cost flats, which used to price lower than one million shekels, and at this time are barely extra,” says appraiser Asi Avni. “In Hadar Carmel, a 3-room condominium was offered in February 2023 for NIS 940,000, and at this time an an identical condominium on the ground above was offered for NIS 1.02 million. This can be a enormous 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.
