Israel's housing market has been in a strange situation in recent months. Far fewer transactions have been recorded, but prices have risen dramatically.
As of the 12-month period ending September 2022, housing prices increased by 19%. Meanwhile, a review by the Finance Ministry, published earlier this month, shows that in Q2/2022, 27,000 units were purchased on the open market — a 19% drop from the same period in 2021 and the lowest level since Q3/2020.
