According to data from the Central Bureau of Statistics in Israel, the prices of new residential property in Israel continued to rise in 2021, although at a slightly slower pace compared to previous years.

In the third quarter of 2021, the average price of a new apartment in Israel was NIS 2.41 million, an increase of 3.7% compared to the same period in 2020. This marks the fifth consecutive quarter of price increases, but the rate of increase has been slower than in previous years.

The highest increase in prices was observed in the Tel Aviv metropolitan area, where the average price of a new apartment increased by 6.9% compared to the same period in 2020. The Jerusalem metropolitan area also saw a significant increase of 5.7% in new apartment prices.

It's important to note that these statistics are based on averages and may not reflect the specific trends and conditions in individual cities or neighborhoods. Real estate prices can be influenced by a wide range of factors, including economic conditions, supply and demand, and government policies, among others.

Overall, the data suggests that the Israeli housing market remains strong, but with some signs of cooling compared to previous years.

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