Neve Eliezer property prices 2026.
One of Tel Aviv's cheapest entry points, with city-led renewal and real problems.
Neve Eliezer is a public-housing estate in south-east Tel Aviv, the eastern part of Kfar Shalem. It trades about 40% below the city per metre. The discount reflects old blocks, social challenges and weak public transport, while municipal renewal moves slowly.
Data area: Kfar Shalem East – Neve Eliezer (combined registry area)
Prices
Price per square metre, year by year
Median ₪ per m² of registered sales each year; the latest year is in red. Years with few deals move more than the market does.
Purchase tax at the median (₪2.06m)
| Buyer | Purchase tax |
|---|---|
| Single home (Israeli resident) | ₪2,840 |
| Oleh within the eligibility window | ₪410 |
| Foreign resident or additional home | ₪164,800 |
2026 bands. The oleh rate applies from one year before to seven years after aliyah. Confirm your own position with your lawyer before you sign.
Recent registered sales
| Date | Street | Rooms | m² | Price | ₪/m² |
|---|---|---|---|---|---|
| Aug 2026 | Yitzhak Tzukerman | 4 | 112 | ₪2,530,000 | ₪22,589 |
| Jun 2026 | Tzvia Lubetkin | 3 | 51 | ₪1,920,000 | ₪37,647 |
| Jun 2026 | Yitzhak Tzukerman | 2.5 | 62 | ₪1,920,000 | ₪30,968 |
| Apr 2026 | Tzvia Lubetkin | 4 | 67 | ₪2,060,000 | ₪30,746 |
| Feb 2026 | Tzvia Lubetkin | 3 | 49 | ₪1,800,000 | ₪36,735 |
| Feb 2026 | Tzvia Lubetkin | 4 | 90 | ₪2,675,000 | ₪29,722 |
| Feb 2026 | Tzvia Lubetkin | 3 | 49 | ₪1,216,000 | ₪24,816 |
| Feb 2026 | Mach"l | 4 | 96 | ₪2,540,000 | ₪26,458 |
| Jan 2026 | Tekoa | 4 | 81 | ₪2,700,000 | ₪33,333 |
| Jan 2026 | Tzora | 3 | 49 | ₪1,620,000 | ₪33,061 |
From the Israel Tax Authority register as published by Dirobot.
Size against price
The dashed red line is the area median of ₪31,478 per m². Dots above it sold for more per metre than the median; dots below it, for less.
The area
What you get
- Older shikun blocks of three or four storeys, many on pilotis, with open space between buildings.
- At the median of about ₪2.06m, expect a three-room flat of around 50–65 m².
- Most original blocks have no lift and no mamad.
- Stairwells, roofs and pipes are often neglected where owners cannot afford repairs.
- New renewal buildings will add lifts, mamads and parking, at higher density.
Who lives here
Many older residents and long-time owners, alongside working families. Younger buyers priced out of the rest of Tel Aviv have started to arrive.
Getting around
Buses only, with no light rail line serving the neighbourhood directly. The Ayalon and roads east to Givatayim and Ramat Gan are a short drive.
For the full picture of daily life, schools and community, read The Honest Guide to Neve Eliezer.
Beware
- The housing is old and often in poor condition, with frequent neglect of common parts.
- Social challenges are real, and parts of the estate show neglect.
- Renewal is city-led but still slow, with years between approval, signatures, permits and keys.
- Some public-housing flats were sold to tenants late, and registration can lag.
- Closed balconies and ground-floor extensions are common and can cut your entitlement in a renewal deal.
Check before you make an offer
- Ask whether the building is in a municipal renewal scheme and how many owners have signed.
- Check the Tabu, or the housing company's records if the flat is not yet registered.
- Commission an engineer's survey for corroded reinforcement, cracked pilotis columns and water damage.
- Compare the flat with the municipal building file for unapproved additions.
- Walk the street by day and at night, and locate the nearest shelter.
The verdict
Works well for
- First-time buyers who want to own in Tel Aviv on a tight budget.
- Patient buyers who want exposure to a city-led renewal programme.
- Families who value open space over a central address.
- Owner-occupiers prepared to manage an older building.
Harder to recommend for
- Buyers who need a lift and mamad now.
- Investors expecting a smooth, high net yield.
- Commuters without a car.
Neve Eliezer is one of the cheapest ways into Tel Aviv, and its renewal plans are concrete. The price reflects old buildings, social challenges and weak transport. Cheap for a reason, and possibly not for ever.
Questions buyers ask
What is the median property price in Neve Eliezer?
The median registered sale in Neve Eliezer is ₪2,060,000, or ₪31,478 per square metre, based on 94 registered deals (Jan 2023 – Aug 2026). These are sold prices from the Israel Tax Authority register, not asking prices.
How much purchase tax would I pay on a median-priced home in Neve Eliezer?
On ₪2,060,000, under the 2026 bands: about ₪2,840 for a resident buying a single home, about ₪410 for an oleh within the eligibility window, and about ₪164,800 for a foreign resident or someone buying an additional home. Confirm your own position with your lawyer.
What are the main risks of buying in Neve Eliezer?
The housing is old and often in poor condition, with frequent neglect of common parts. Social challenges are real, and parts of the estate show neglect. Renewal is city-led but still slow, with years between approval, signatures, permits and keys.
What should I check before making an offer in Neve Eliezer?
Ask whether the building is in a municipal renewal scheme and how many owners have signed. Check the Tabu, or the housing company's records if the flat is not yet registered. Commission an engineer's survey for corroded reinforcement, cracked pilotis columns and water damage.
Who does Neve Eliezer suit?
It works well for: First-time buyers who want to own in Tel Aviv on a tight budget; Patient buyers who want exposure to a city-led renewal programme; Families who value open space over a central address; Owner-occupiers prepared to manage an older building.
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Asking prices are not sold prices. Every figure here comes from registered sales unless stated. This is general information, not legal or financial advice. Updated October 2026.