A study by property management company Globes shows that the number of apartments offered for rentals has dropped significantly since the start of the Iranian campaign, primarily by apartment owners who do not protect their rooms. Research on rent insurance shows that it is still impossible to see a major change in rent itself.
As part of the investigation, around 180,000 ads have been scanned for rental apartments that are published annually on various social platforms such as YAD 2, Homelessness, Madran websites, Facebook groups and Marketplaces. The survey shows that 869 ads were published on online boards in the week of June 14th to 21st, compared to a 37% decrease compared to 1,381 ads the previous week. Apartments with protected rooms, which account for about 25% of all apartments offered for rent, reduced the number of ads by 33%, while in apartments without protected rooms, which account for about 75% of all apartments due to rental, reduced the number of ads by 38%.
Petah Tikva and Ramat Gan are exceptions
Many landlords probably didn’t have a lease signed last week, as they understood that renting an apartment under the threat of missiles was incorrect and not an apartment without a protected room.
As a result, most cities struck by Iranian missiles have seen a noticeable decline in the number of ads for renting apartments without sheltered rooms. In Tel Aviv, the number of ads for apartments without sheltered rooms fell by 47%, but for apartments with sheltered rooms, the fall was only 24%. In Haifa, the number of ads for renting apartments without securing rooms has increased by 50% since the start of the war with Iran, but for apartments with securing rooms, it was 40% in autumn. At Rehovot, ads for apartments without sheltered rooms fell by 28%, with only 7% in apartments with sheltered rooms, 30% without bats, and 18% in sheltered spaces.
Opposing data was recorded in Petatikva and Ramatgan, cities both suffered missile barrages over the past week (Ramatgan: 32% decline in protected rooms.
The nationwide supply is small too
According to different VP marketing Aviv Sagron, the data from Ramat Gan and Petah Tikva does not change the general trend.
“Apartment landlords of rental apartments have been more immersed in the families and jobs that are less leases for apartments last week.
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Future demand for Haifa and Tel Aviv?
A decline in supply is expected to be met by a significant increase in demand. As of the end of last week, around 9,000 people had evacuated from apartments damaged by missile attacks, most of the Tel Aviv area. For now, most of them have moved to hotels, but it’s reasonable to assume that some of them will move to gradually renting in the city or neighborhood where they left. In such cases, the rental market in Tel Aviv and Haifa regions could be significantly increasing in demand, but rents are not going well.
At this point, we make various notes that it is still impossible to identify a clear trend in rent increases, either at either the city being studied or at the national level. Their assessment states that “draw changes could come in the coming weeks due to the missile strikes,” due to the fact that thousands of people have evacuated their homes, many of whom need alternative housing.”
Published by Globes, Israel Business News – En.Globes.co.il – June 23, 2025.
©Copyright of Globals Publisher Itonut (1983) Ltd., 2025.
