Increases in apartment prices in the Haifa and Kiryat districts in the second quarter of 2021 | Falling apartment prices in the city of Haifa
Apartment prices in the Haifa district and rents continued to rise even in the second quarter of 2021 - this is according to the analysis of the data of the Central Bureau of Statistics carried out by the Haifa District Contractors Association led by Haim Feiglin. The amount of transactions in the district jumped by 63% to 3,461 compared to 2,119 in the corresponding quarter. In the second quarter of 2020, we will recall, we were in lockdown at the height of the Corona crisis in Israel.
The price increases characterized all types of apartments in the Haifa district: 4.5-5 room apartments became more expensive by 12% to 1.762 sq m; 1-2 apartments by 8% to NIS 621; 5.5-6 room apartments by 7% to 2.24 m s and 3.5-4 room apartments became more expensive by 5% to NIS 1.299 million. On average, prices rose by 1% to 1.259 m s.
In the city of Haifa - prices have dropped
Prices in the city of Haifa actually decreased in the second quarter by 3% on average to 1.167 m s; 1-2 room apartments increased by 8% to NIS 645 on average, and in all other types of apartments the prices decreased: a 3% decrease was recorded in each type of apartment - 3.5-4 rooms (per 1.34 m4.5), 5- 1.981 rooms (for 5.5 sq.m.), and 6-2.103 rooms (for 2.5 sq.m.); The prices of 3-2 room apartments decreased by 917% to NIS XNUMX on average.
"The local government led by Kalish-Rotem suppresses construction in Haifa and causes the city to weaken and lose its assets"
Haim Feiglin, Chairman of the Haifa District Contractors Association:
The data reflect the stagnation in the real estate market in the city of Haifa compared to the prosperity in the entire district. The local government headed by Kalish-Rotem suppresses construction in Haifa, it blocks almost every new construction initiative that is not of its own initiative and thereby causes the city to weaken and lose its assets. An atmosphere of poverty and economic and social despondency has been created in the city, there is no new construction, no development and no strategic vision for the future. All this is expressed in the frozen housing market in the city compared to the vibrant market in the district and the country as a whole. It can be seen in the district data that wherever there is a supply of new apartments there is demand and there is movement in the market and prices. On the other hand, in a place where there is no supply of apartments like in the city of Haifa, the market falters and even goes down. It is difficult to get a complete picture of the state of the housing market without the supply of apartments, because the supply also leads the demand. I am convinced that if there were new construction starts in Haifa they would meet demand.
At the national level, apartment prices rose in the second quarter by 7% on average to NIS 1.653 million compared to NIS 1.6 million in the corresponding period last year. The number of transactions climbed by 31% to 19,137 compared to 14,601 in the second quarter of 2020. In the distribution by rooms, it can be seen that the prices of 4.5-5 room apartments increased in the quarter by 18% to NIS 2.176 million on average; The prices of 1-2 room apartments increased by 11% to NIS 1.102 million; Prices for 5.5-6 room apartments climbed by 10% to NIS 2.670 million; followed by 3.5-4 room apartments with an 8% increase in price to 1.659 m2.5; and 3-3 room apartments whose prices increased by 1.222% to XNUMX m s.
The lack of a functioning municipality in Haifa severely damages public trust.
Carmel Castle and the Kiryat with huge new neighborhoods to which young families from Haifa are moving.
Kiryat Omen in Motzkin has commerce, schools and employment all within walking distance and quality development.
It is true that this is not Haifa, but if the taxes are also lower and the cost of living is lower than Carmel, many families
Doing 1+1 and giving up the green and quiet Carmel in favor of new neighborhoods in the Carmel Castle and the Kiryat..
It's a shame, but it's an existing and settled fact, which therefore pulls the prices down in Haifa, especially in the neighborhoods
Mediocre and less good. In the best neighborhoods in Carmel, prices will only go up because there is very little new construction and a lot of demand.
This is why all of Carmel is full of TMA 38, and new 4-room apartments are sold for NIS 2.5-3 million.
On streets that allow children to walk near good elementary schools in Carmel such as Nofim, Ilanot, David Yelin,
Herzl, etc. will always be in high demand.