The dollar has rebounded. Here is how dollar buyers can use it in Tel Aviv.
In late May a dollar bought ₪2.81, its lowest point of the past twelve months. On 7 October it bought ₪3.07: 9.4% more shekels for every dollar.
That is how much less a ₪5M Tel Aviv apartment costs a dollar buyer today than at the May low: $1,627,000 instead of $1,779,000, for the same shekel price.
The currency: a risk you can manage, not a reason to wait
Over twelve months the dollar is still 6.3% weaker against the shekel, so the same apartment costs $103,000 more than a year ago ($1,627,000 against $1,524,000). Since May, the trend has turned in dollar buyers' favour.
Nobody can call the next move. Waiting for a better rate is itself a currency bet, and it can go either way. A buyer can lock the rate instead of guessing it.
Rates: Israel is now below the US
The Bank of Israel cut to 3.25% on 1 September 2026, its fifth cut since November 2025, while the Fed raised to 4.00%. Israeli prime, the base for most shekel mortgages, is now 4.75%, and the next decision is on 21 October.
Prices: Tel Aviv is turning, and leverage is still on the table
In the latest release, Tel Aviv district led Israel with +0.7% in June–July. At the same time, about 84,000 new homes were still unsold at the end of April. Today, a buyer has room to negotiate; that room depends on stock that is being absorbed.
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The complete brief adds the buyer's playbook (how to lock the currency, finance in shekels and negotiate) and the data calendar. PDF, in English or French, sent to your inbox.
