Danos Survey Finds Four-Room Apartment Prices Down 0.8% Across 17 Cities

Four-room apartment prices in a 17-city sample fell 0.8% from a year earlier in the third quarter of 2026, according to an analysis by appraiser Ohad Danos. The average was also 0.7% below the second quarter. A separate October analysis by rental-data company WeCheck found rents remained higher than a year earlier despite a small monthly decline. Danos, a former chairman of the Israel Real Estate Appraisers Association, examined 2,619 transactions across the two latest quarters. He said: “Prices rose in seven cities, were unchanged in one and fell in nine.” Ramat Gan recorded the largest annual decline, 9%, with an average four-room apartment price of NIS 3.11 million. Ramla followed with an 8% fall to NIS 1.85 million. The results varied sharply by city. Tel Aviv’s four-room average reached NIS 4.7 million, up 8% annually and 5% from the preceding quarter. Beersheba’s average rose 12% annually to NIS 1.14 million, while Haifa recorded a 9% increase. Kfar Saba, Rishon LeZion and Rehovot each registered annual declines of 6%. WeCheck put average monthly rent in October at NIS 5,062, up 3.4% from October 2025 and 2.3% from January, but down 0.1% from September. Jerusalem had the largest annual rental increase among the cities examined, 9.1%. Tel Aviv–Yafo remained the most expensive at about NIS 6,960 a month. WeCheck founder and CEO Rami Ronen attributed continuing pressure on renters to insufficient supply and proposed temporarily offering some developers’ unsold new apartments for rent.