Top > News > Articles
Balcony as Big as a Bedroom: How Much Did This Modiin Mini Penthouse Sell For?

Israel’s residential property market showed renewed momentum at the end of 2025. According to the latest Housing Price Index released by the Israel Central Bureau of Statistics, covering November–December 2025, home prices increased by 0.8% compared with the previous two-month period (October–November). This marks the sharpest bi-monthly rise since December 2024.

On an annual basis, prices were 0.4% higher than in November–December 2024, indicating modest year-over-year growth but a stronger short-term rebound heading into the new year. To better understand how this trend is reflected on the ground, a review of recent second-hand transactions across several cities highlights the wide range of pricing between regions and property types.

In Beersheba, a three-room apartment measuring 94 square meters on the fourth floor of a four-story building sold for 680,000 shekels. Another three-room unit of 76 square meters in a newer neighborhood changed hands for 880,000 shekels. A larger four-room apartment spanning 120 square meters, located in a high-rise building and featuring a 14-square-meter balcony, elevator access, parking, and a secure room, reached 1.44 million shekels. These figures suggest steady demand in the southern city, with pricing influenced by building height, amenities, and neighborhood profile.

In the coastal city of Ashdod, a 65-square-meter, three-room apartment with a 15-square-meter balcony in a mid-rise building sold for 1.73 million shekels. Proximity to the coast and established residential districts continue to support relatively higher valuations compared with southern inland markets.

Further inland, Modiin recorded some of the more notable transactions of the week. A mini penthouse with four rooms, measuring 87 square meters and including a spacious 25-square-meter terrace, elevator access, parking, and a secure room, sold for 2.88 million shekels. Another four-room apartment in the city, significantly larger at 135 square meters with additional outdoor space and full amenities, achieved 3.7 million shekels. These deals reflect Modiin’s continued appeal among buyers seeking newer developments and upgraded living standards within commuting distance of major employment hubs.

In Lod, a five-room apartment of 100 square meters in an eight-story building sold for 1.64 million shekels, underscoring the city’s relatively accessible price point for larger family homes.

Neighboring Ramla presented a varied picture. A compact 55-square-meter, three-room unit in a low-rise building sold for 1.18 million shekels. Meanwhile, a more modern 80-square-meter apartment with balcony, elevator, parking, and secure room in a high-rise tower commanded 1.93 million shekels. Another four-room apartment of 96 square meters with similar features sold for 1.71 million shekels. The spread illustrates how property condition, building type, and added features can significantly influence final sale prices even within the same city.

In Tel Aviv, price levels remained substantially higher. In the southern part of the city, a 96-square-meter, four-room apartment with a small balcony and full amenities sold for 2.54 million shekels. In the upscale Ramat Aviv Gimel neighborhood, a 100-square-meter four-room apartment in a mid-rise building achieved 4.775 million shekels, highlighting the premium commanded by established northern districts of the city.

Up north in Haifa, a 94-square-meter, four-room apartment in a two-story building sold for 1.55 million shekels, reflecting comparatively moderate pricing relative to the Tel Aviv metropolitan area.

Taken together, these transactions illustrate a market that remains highly segmented. While national data points to a modest overall rise, local dynamics vary sharply by city, neighborhood, building type, and amenities such as balconies, parking spaces, elevators, and reinforced rooms.

With prices showing renewed short-term growth and regional differences continuing to shape buyer behavior, market watchers will be closely monitoring whether the late-year uptick signals the beginning of a broader upward cycle or remains a localized rebound.

Advertisement

Advertisement

Recommended
UAE Back-to-School 2026: 11 Practical Ways to Fix Sleep Routines and Busy Mornings
UAE Back-to-School 2026: 11 Practical Ways to Fix Sleep Routines and Busy Mornings
Lifestyle
Dubai Tenants Question Extra Fees: Are Annual Administration Charges by Agents Allowed?
Dubai Tenants Question Extra Fees: Are Annual Administration Charges by Agents Allowed?
Home
Estate Planning in the UAE: Why Writing a Will Can Help Secure Your Investments
Estate Planning in the UAE: Why Writing a Will Can Help Secure Your Investments
Home

Advertisement

Advertisement

The UAE's Advancements in the Global Space Sector in 2026
The UAE's Advancements in the Global Space Sector in 2026
Main
Discovering the Culinary Delights of Trèsind: A Modern Indian Experience in Dubai
Discovering the Culinary Delights of Trèsind: A Modern Indian Experience in Dubai
Lifestyle
UAE Gratuity Guide 2026: How Employees Can Calculate Their Final Settlement
UAE Gratuity Guide 2026: How Employees Can Calculate Their Final Settlement
Work Services
Buying Freehold Property in Dubai: What Expats Need to Know About Full Ownership
Buying Freehold Property in Dubai: What Expats Need to Know About Full Ownership
Home
Dubai updates two-year residency visa rule for property investors
Dubai updates two-year residency visa rule for property investors
News
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Lifestyle

Advertisement

Advertisement

4 reliable Singapore blue-chip stocks ideal for retirees
4 reliable Singapore blue-chip stocks ideal for retirees
News
How to get free parking in Dubai
How to get free parking in Dubai
Car
Dubai Introduces New Shared Housing Regulations: What Residents and Property Owners Need to Know
Dubai Introduces New Shared Housing Regulations: What Residents and Property Owners Need to Know
apartment
Is 100% Property Financing Allowed in Dubai? What Buyers Need to Know Before Signing
Is 100% Property Financing Allowed in Dubai? What Buyers Need to Know Before Signing
Home
Dubai’s New Shared Housing Rules Explained: What Tenants and Owners Must Know Now
Dubai’s New Shared Housing Rules Explained: What Tenants and Owners Must Know Now
Home
UAE Residents Guide: How to Prevent Hacking of Home Cameras and Stay Safe
UAE Residents Guide: How to Prevent Hacking of Home Cameras and Stay Safe
Home
FIA Adjusts Energy Management Rules for Japanese Grand Prix Qualifying
FIA Adjusts Energy Management Rules for Japanese Grand Prix Qualifying
Sports
Aryna Sabalenka Triumphs Over Coco Gauff to Secure 'Sunshine Double' at Miami Open
Aryna Sabalenka Triumphs Over Coco Gauff to Secure 'Sunshine Double' at Miami Open
Sports
Sticky Grease on Your Stovetop? Cleaning Pros Share the Easiest Fix
Sticky Grease on Your Stovetop? Cleaning Pros Share the Easiest Fix
Lifestyle
3 Asian stocks trading at up to 33% discount—potential value picks to watch
3 Asian stocks trading at up to 33% discount—potential value picks to watch
News
Heartwarming Act of Kindness: Mechanic Repairs Biker's Motorcycle for Free
Heartwarming Act of Kindness: Mechanic Repairs Biker's Motorcycle for Free
News

Advertisement

Access Ranking
CNB Dismantles Transnational Drug Network in Joint Operation with UK
News
CNB Dismantles Transnational Drug Network in Joint Operation with UK
Buy gold for nearly 70% less? UAE shoppers warned about jewellery scams
Finance
Buy gold for nearly 70% less? UAE shoppers warned about jewellery scams
UAE Ministry of Economy and Tourism Takes Action Against Poultry Market Monopolization
Main
UAE Ministry of Economy and Tourism Takes Action Against Poultry Market Monopolization
Discovering the Culinary Delights of Trèsind: A Modern Indian Experience in Dubai
Lifestyle
Discovering the Culinary Delights of Trèsind: A Modern Indian Experience in Dubai
18 upcoming new launch condos in 2026 — where they are and the ones to watch
News
18 upcoming new launch condos in 2026 — where they are and the ones to watch
Electronic Notary in UAE (2026 Guide): How It Works, Process, Requirements & More
News
Electronic Notary in UAE (2026 Guide): How It Works, Process, Requirements & More
How to Choose a Professional Hair Salon in Dubai for Long-Term Hair Care
News
How to Choose a Professional Hair Salon in Dubai for Long-Term Hair Care
UAE Savings Guide: High-Yield Accounts, Fixed Deposits or National Bonds — Which Is Best?
Finance
UAE Savings Guide: High-Yield Accounts, Fixed Deposits or National Bonds — Which Is Best?
Platform workers to get $200 payout from end-April amid Middle East tensions
News
Platform workers to get $200 payout from end-April amid Middle East tensions
Is UAE gratuity calculated on basic salary or gross salary?
Lifestyle
Is UAE gratuity calculated on basic salary or gross salary?
Nancy Sinatra Criticizes Trump for Using Frank Sinatra's Music
Entertainment
Nancy Sinatra Criticizes Trump for Using Frank Sinatra's Music
Martin Scorsese to Premiere Film Honoring Pope Francis
Entertainment
Martin Scorsese to Premiere Film Honoring Pope Francis
The best Singapore cruise packages in 2026 - and how to pay less for them
News
The best Singapore cruise packages in 2026 - and how to pay less for them
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Lifestyle
UAE Summer Survival Guide: Best Hours to Go Outdoors and Avoid Extreme Heat
Child under 15? What parents should know about the UAE’s new social media age restriction
Lifestyle
Child under 15? What parents should know about the UAE’s new social media age restriction
Kampong Gelam shophouse sales drop sharply; most buyers now locals: URA
News
Kampong Gelam shophouse sales drop sharply; most buyers now locals: URA
Which Countries Can Exchange a Driving Licence in the UAE? Full Guide for Residents
Car
Which Countries Can Exchange a Driving Licence in the UAE? Full Guide for Residents
The Inspiring Journey of Blood Donation Advocates
Healthy
The Inspiring Journey of Blood Donation Advocates
Upcoming Unsettled Weather Forecast in the UAE
Main
Upcoming Unsettled Weather Forecast in the UAE
Vede janelas e portas com fita simples e veja quanto custa reduzir o frio dentro de casa sem aumentar a conta de luz
News
Vede janelas e portas com fita simples e veja quanto custa reduzir o frio dentro de casa sem aumentar a conta de luz

Advertisement