Tel Aviv district, five years
What ₪4,000,000 of Israeli property has actually been worth
Every quarter from Q2 2021 to the last published reading, carried by the CBS dwelling price index — national or Tel Aviv district — then converted at the exchange rate on that day. The foreign lines move on both the market and the shekel, and lately those two have pulled in opposite directions.
The holding, quarter by quarter
Today, live
Waiting for a rate.
Every quarter
Two CBS quality-adjusted dwelling-price series sit on the same quarter grid. The index tracks the value of a given home rather than the average price paid. The CBS publishes no quarterly figure: it is a two-month rolling index about six weeks in arrears, and the readings overlap, so multiplying them double-counts months and overstates the move. Both paths are therefore built only from anchors that do not overlap themselves. Quarters between anchors are geometric interpolation, marked int. in the table; they are shape, not readings, and should not be quoted as CBS numbers. All CBS price data is provisional and revises as late transactions register.
National anchors: Q4-on-Q4 +13.14% (2021), +14.68% (2022), −1.00% (2023), +7.67% (2024), −0.99% (2025); March 2026 y/y −1.28%; May–June 2026 y/y −1.50%. The path reproduces the CBS five-year figure of +30.6% for all dwellings from May–June 2021 to May–June 2026 exactly.
Tel Aviv district anchors: Dec 2021–Jan 2022 y/y +12.8%; Nov–Dec 2022 y/y +16.5%; Bank of Israel district annual for 2023 −3.7%; Nov–Dec 2024 y/y +9.4%; Nov–Dec 2025 y/y −1.9%; Feb–Mar 2026 y/y −3.5%; May–June 2026 y/y −1.7%. The 2021 second-half shape follows the national intra-year split, because CBS does not print a clean district reading at 2021 Q2. Tel Aviv district is not the city of Tel Aviv alone — it includes Bat Yam, Holon, Ramat Gan, Giv’atayim, Bnei Brak and the rest of the district.
The real column deflates by Israeli CPI, derived from the published nominal and inflation-adjusted pairs for the same years and 1.5% for 2026. Foreign-currency figures are always nominal. Switching to Real changes only the shekel column. Foreign amounts are the nominal shekel value converted at that quarter’s rate; they carry no adjustment for inflation in the buyer’s own country, so a dollar five years ago and a dollar today are not two comparable dollars, and the foreign columns flatter the real return by roughly that country’s inflation over the period.
Exchange rates are European Central Bank reference rates, retrieved live. Where a quarter end falls on a weekend or holiday the last published fixing before it is used. If the rate service cannot be reached the foreign columns are left blank rather than filled from a stale or assumed rate.
Nothing here accounts for purchase tax, betterment levy, agent or legal fees, financing, rental income, arnona, va'ad bayit, maintenance or the cost of selling. A national index is not a valuation of any particular property, and this page is a comparison tool, not advice on a transaction.