One of the factors hitting the Tel Aviv housing market was a wave of layoffs in the high-tech sector coupled with a strengthening of the shekel, according to a report prepared by Galit Ben-Naim, deputy chief economist at the Ministry of Finance.
In March-April 2026, only 86 of the 7,000 apartments for sale in the Tel Aviv district were sold on the secondary housing market, urban renewal sales fell by 34%, and the total inventory of unsold new apartments exceeded 10,000 units.
“Preliminary data indicates a sharp drop in the share of high-tech occupancy among apartment buyers in Tel Aviv, a city closely associated with high-tech professionals, in April,” Ben-Naim said. Their share of the new-build market fell to 18%, and in the secondary housing market to 11%.
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