In Haifa, the average price per sqm in the city centre is ILS 21,000, and ILS 14,000 outside the centre (2024 data). Prices have risen 3.2% since 2024.

How much is rent in Haifa in 2024?

A 1-bedroom apartment in Haifa rents for approximately ILS 4,800 per month in 2024. A 3-bedroom apartment costs around ILS 7,700/month.

Is it better to buy or rent in Haifa?

Renting is generally more cost-effective in Haifa. The price-to-rent ratio is 22.0x — it would take approximately 22.0 years of rental payments to equal the property purchase price. Current mortgage rates are approximately 4.50%.

What are mortgage rates in Israel in 2024?

The average mortgage rate in Israel is approximately 4.50% as of 2024. With a price-to-rent ratio of 22.0x, buyers should carefully weigh mortgage costs against rental savings.

What is the price per sqm in Haifa?

The average property price per square metre in Haifa city centre is ILS 21,000 in 2024. Outside the centre, expect to pay around ILS 14,000/sqm.