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Housing costs in Haifa have risen 7.5% because the begin of the conflict, and is the district of Israel with the largest worth will increase, in accordance with the newest knowledge 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 houses had been lately bought to haredi patrons in authorities backed applications.
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In keeping with the information, 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 knowledge 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 new flats has elevated by solely 2%. Since there isn’t a index per sq. meter for the costs of second-hand flats, it’s doable to faucet from the information that their worth elevated throughout this time by about 8%. And if in Haifa the proportion of all offers was larger, then the common worth will increase had been additionally larger.
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“You see traders flocking to Haifa and in search of low-cost flats, which used to price lower than one million shekels, and immediately are barely extra,” says appraiser Asi Avni. “In Hadar Carmel, a 3-room house was bought in February 2023 for NIS 940,000, and immediately an equivalent house on the ground above was bought for NIS 1.02 million. It is 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.
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