Tel Aviv at the Center of a Crisis — CBS Data
The real estate market is experiencing a slowdown, as confirmed by data from the last three months, which the Central Bureau of Statistics of Israel (CBS) covers in its statistics — from July to September.…
Assessment
Tel Aviv's real estate market is showing clear signs of a slowdown. Official data from Israel's Central Bureau of Statistics reveals 85,080 unsold new apartments nationwide, with a staggering 31.2 percent concentrated in the Tel Aviv district alone. The supply indicator of 25.8 months to sell all available units signals a significant oversupply. The next data releases will show whether this is a temporary correction or the start of a deeper downturn.