A Look at the Residential Real Estate Market in Ra’anana 2025
- Ra’anana’s population at the end of 2025 is estimated at between 84,000 and 100,000 residents, depending on the source (Ra’anana Municipality, Ministry of Interior, Central Bureau of Statistics, and National Insurance Institute).
- In recent years, the pace of housing starts in Ra’anana has averaged around 1,000 units per year—an unusually high figure, as it reflects a potential population growth rate of ~4% per year, compared with the national average which in recent years declined from 2% to 1%.
Statistics: Number of Residential Real Estate Transactions in Ra’anana
|
Year |
New Apartments |
Second-Hand Apartments |
Detached / Ground-Attached Homes |
Total |
|
2021 |
755 |
635 |
155 |
1,545 |
|
2022 |
627 |
483 |
85 |
1,195 |
|
2023 |
510 |
320 |
48 |
878 |
|
2024 |
729 |
338 |
76 |
1,143 |
|
2025(*) |
470 |
270 |
50 |
790 |
(*) Personal estimate based on performance up to the end of
2025; not final.
Source: Author’s processing based on Israel Tax Authority data.
Trends in Recent Years
- Transaction volumes:With the exception of the current year, transaction volumes in Ra’anana behaved very similarly to the national average. In the current year, there is a significant divergence—mainly due to a drop in second-hand apartment transactions, versus relative stability nationally. In the new apartments segment in Ra’anana, the weakening is noticeably stronger than at the national level.
- For several years in Ra’anana, the share of transactions in new apartments has been significantly higher than in Israel overall (60%+ versus 37%–45%).
- Current price levels for standard new apartments in Ra’anana:
- 5-room apartments: ₪32,000–33,000 per net sqm
- 4-room apartments: ₪34,000–35,000 per net sqm
- 2–3
room apartments: ₪37,000–40,000
per net sqm
These price levels reflect a very cautious downward trend compared to early-2024 levels. - Regarding second-hand apartment prices, it is difficult to determine a numeric index, but throughout the year a certain degree of price decline was felt.
- Over the last four years, there has been a clearly noticeable decline in transactions for detached / ground-attached homes, alongside growth (and corresponding price increases) in penthouses.
- Over the last three years, transactions for new 2–3 room apartments increased significantly (approaching 20% of new-apartment purchases).
- New development plans in the city: Beyond very extensive urban renewal, at this time—after construction in the Neve Zemer area in the north has almost been completed—construction is expanding in two new areas:
- ShkhunatHaMe’a (the “Hundred” Neighborhood) in the south of the city, adjacent to Road 531
- A
land strip in northeast Ra’anana, adjacent to Road 4
In parallel, the municipality is advancing a very large plan in the west of the city, stretching from the park to the train station (Plan Ra/2020), and the Israel Land Authority has already begun marketing plots in a very large new plan in the northwest of the city (Plan Ra/2030), from Ayalon Road to the cemetery. - Recently, Ra’anana Municipality has been coping with deterioration in the city center along Ahuza Street. For this purpose, it has taken initial steps toward a large and ambitious evacuation–rebuild (pinui-binui) plan, implementing the principle of mixed-use (tall buildings that include residential, retail, and services…).
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