How Much Have Israeli House Prices Risen? About 77.5% Since 2014
The State Comptroller of Israel put the House Price Index rise at approximately 77.5% from January 2014 to December 2024, against 15.3% for consumer prices.
House prices in Israel rose by approximately 77.5% from January 2014 to December 2024, a figure the State Comptroller of Israel published in its 2025 audit of real estate taxation and Israel’s real estate information infrastructure. The State Comptroller of Israel put the Consumer Price Index rise over the same window at approximately 15.3%. Both are changes in an index across 11 years rather than prices in shekels, and both carry the audit’s own approximation.
| Figure | What it counts | Period |
|---|---|---|
| Approximately 77.5% | Change in the House Price Index | January 2014 to December 2024 |
| Approximately 15.3% | Change in the Consumer Price Index | January 2014 to December 2024 |
| Approximately NIS 23 billion | Average annual revenue from real estate taxation | 2021 to 2022 |
| 167,538 | Transactions reported to real estate taxation offices | 2024 |
| 73%, being 4,850 applications | Applications for assessment correction examined by the audit team that had not been handled for over a year | As at the audit |
Source: State Comptroller of Israel, 2025, Real Estate Taxation and Israel’s Real Estate Information Infrastructure, English abstract.
House prices rose about 77.5% from January 2014 to December 2024
The State Comptroller of Israel reported the House Price Index rising by approximately 77.5% across that window, in its audit of the Israel Tax Authority. The figure is the Comptroller’s own audit figure, stated as a single index change over 11 years rather than as a price or as a year-by-year series.
- What it measures: the change in the House Price Index, not the price of any dwelling.
- The window: January 2014 to December 2024, one start-to-end comparison.
- The hedge: the audit writes the figure as approximately 77.5%, and it stays approximate.
Consumer prices rose about 15.3% over the same period
The State Comptroller of Israel recorded the Consumer Price Index rising by approximately 15.3% between January 2014 and December 2024, in the same audit and over the same dates as the housing figure. The two are separate indices, published side by side as index changes by the Comptroller in its own audit of the Israel Tax Authority.
Real estate tax revenue averaged about NIS 23 billion
Revenue from real estate taxation averaged about NIS 11.37 billion a year in 2018 to 2020 and approximately NIS 23 billion a year in 2021 to 2022, on the State Comptroller of Israel’s own published figures for the Israel Tax Authority. The Comptroller puts the later average at approximately 9% of total direct taxes collected by the Authority.
| Window | Average annual revenue | What it counts |
|---|---|---|
| 2018 to 2020 | About NIS 11.37 billion | Total revenue from real estate taxation, averaged over three years |
| 2021 to 2022 | Approximately NIS 23 billion | Total revenue from real estate taxation, averaged over two years, approximately 9% of direct taxes collected |
Source: State Comptroller of Israel, 2025. Each figure is an average across a multi-year window, not a single year’s receipts.
Reported transactions ran 178,005 in 2022 and 167,538 in 2024
Transactions reported to real estate taxation offices numbered 178,005 in 2022, 130,854 in 2023 and 167,538 in 2024, as the State Comptroller of Israel records them in its audit of the Israel Tax Authority. These are counts of dealings reported to the taxation offices, which is the state’s administrative record of what was reported, rather than a count of homes sold or any measure of price.
| Year | Transactions reported |
|---|---|
| 2022 | 178,005 |
| 2023 | 130,854 |
| 2024 | 167,538 |
Source: State Comptroller of Israel, 2025. The counts fall and then rise across the three years.
The Comptroller states the transactions and prices file is incomplete
The State Comptroller of Israel states that the Real Estate Transactions and Prices File cannot be relied on as a real estate database because it is incomplete. The Comptroller also reports that 73% of the applications for assessment correction its audit team examined, being 4,850 applications, had not been handled for over a year. Both are findings of the Comptroller’s own audit about the Israel Tax Authority’s records and handling.
What the audit does not carry:
- No price figure for any city, district or neighbourhood.
- No breakdown by property type.
- No monthly or quarterly index series; the housing figure is one 11-year change.
Which of these figures may not be added together?
The 77.5% and the 15.3% are index changes over the same window, not price levels, and neither may be restated as an exact figure. The approximately 9% share belongs to total direct taxes collected by the Israel Tax Authority in 2021 to 2022, and to no other total on this page. The two revenue figures are averages across windows of different lengths, so they are not two readings of one annual series. The transaction counts are transactions reported to the taxation offices, and are not homes sold, dwellings built or prices.
Questions readers ask
How much have Israeli house prices risen?
The State Comptroller of Israel reported a rise of approximately 77.5% in the House Price Index from January 2014 to December 2024.
Over what period is that figure measured?
The State Comptroller of Israel published it as a single change between January 2014 and December 2024, an 11-year window.
What did consumer prices do over the same years?
The State Comptroller of Israel put the Consumer Price Index rise at approximately 15.3% across the identical window.
Is the housing figure adjusted for inflation?
The State Comptroller of Israel published the House Price Index change and the Consumer Price Index change as two separate figures over the same dates.
Which body published the 77.5%?
The State Comptroller of Israel published it, in its 2025 audit of real estate taxation and Israel’s real estate information infrastructure at the Israel Tax Authority.
Does the audit break the rise down by city?
The State Comptroller of Israel reports the figure nationally and publishes no city, district or neighbourhood price figure in that audit.
How much does Israel collect in real estate taxes?
The State Comptroller of Israel recorded average annual revenue of about NIS 11.37 billion in 2018 to 2020 and approximately NIS 23 billion in 2021 to 2022.
What share of direct taxes is that?
The State Comptroller of Israel puts the 2021 to 2022 average at approximately 9% of total direct taxes collected by the Israel Tax Authority.
How many property transactions are reported each year?
The State Comptroller of Israel records 178,005 reported to real estate taxation offices in 2022, 130,854 in 2023 and 167,538 in 2024.
What does the Comptroller say about the underlying data?
The State Comptroller of Israel states that the Real Estate Transactions and Prices File cannot be relied on as a real estate database because it is incomplete.
How long do assessment correction applications take?
The State Comptroller of Israel reports that 73% of the applications it examined, being 4,850, had not been handled for over a year.
How many public housing apartments does Israel hold?
The State Comptroller of Israel recorded about 48,000 apartments in the public housing inventory in 2023 against about 54,000 in 2018, in a 2024 follow-up audit that states the stock fell mainly because the state sold more apartments to tenants than it purchased.
How many foreign construction workers may Israel bring in?
The Knesset Research and Information Centre reported a construction-sector quota of 105,000 foreign workers, of whom 80,000 brought in by corporations, within a 2024 maximum quota of 324,786.
Sources
- Knesset Research and Information Centre, 2025. Data on Quotas for Foreign Workers in the Various Sectors of the Economy and the Number of Foreign Workers. knesset.gov.il. Official or primary record.
- State Comptroller of Israel, 2024. Purchase and Sale of Public Housing Apartments, Follow-up Audit. Ministry of Construction and Housing, chapter 204, English abstract. library.mevaker.gov.il. Official or primary record.
- State Comptroller of Israel, 2025. Real Estate Taxation and Israel’s Real Estate Information Infrastructure. Israel Tax Authority, English abstract. library.mevaker.gov.il. Official or primary record.
