tel aviv real estate prices q1 2024

Q1 2024 Reported Tel Aviv Transactions

Reported transactions in Tel Aviv of value above 5m₪

December 2023 to March 2024

In the first quarter of 2024, the volume of transactions continued to slow down. However, prices for high-end real estate remained relatively stable despite the tepid demand. A significant portion of these transactions occurred in the "New North" near Kikar Hamedina, an area currently experiencing urban regeneration. Several TAMA 38-2 projects, initiated before the slowdown, have recently entered the market. Developers have been actively marketing these projects, showing a greater willingness to reduce prices in response to the current economic conditions.

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