Israel - House Price Index





Israel: House Price Index

Mnemonic HPI.IISR
Unit Index 1993=100, NSA
Adjustments Not Seasonally Adjusted
Monthly 0.8 %
Data Feb 2021 443.1
Jan 2021 439.6

Series Information

Source Central Bureau of Statistics - Israel
Release Housing Price Index
Frequency Monthly
Start Date 1/31/1994
End Date 2/28/2021

Israel: Real Estate

Reference Last Previous Units Frequency
House Price Index Feb 2021 443.1 439.6 Index 1993=100, NSA Monthly
Building Completions 2020 Q4 11,407 10,072 #, SA Quarterly
House Price Value for Existing Homes 2017 Q4 1,442 1,495 Ths. ILS, NSA Quarterly

Release Information

For Israel, the monthly "Index of Prices of Dwellings" (house price index, HPI) includes most transactions, and accounts for regular vs. government-supported purchases.

  • Measurement: Fixed-base index relative to 1993 (Index 1993=100)
  • Adjustment: Not seasonally adjusted (NSA)
  • Native frequency: Monthly
  • Start date: Uniformly 1994m1
  • Geo coverage: Country

The source writes, in part:

The Index of Prices of Dwellings includes all transactions, except self-built dwellings, transactions performed through purchasing groups, transactions from public companies, and dwellings with no market value.

The Index of Prices of Dwellings is calculated based on data from the Catalog of Real Estate Prices. Data about purchases of dwellings are collected regularly in the Capital Gains Tax Bureaus throughout the country via the Catalog of Real Estate Prices system. The country-wide file is produced by the Computerized Processing Service (the Ministry of the Treasury's computer unit, which supplies computerization services to the Israel Tax Authority, the State Revenue Administration, and outside clients, including government bodies such as the CBS as well as private entities such as accountants and tax consultants). This file includes information about transactions involving new dwellings and dwellings whose ownership changed.

[As of February 2017,] different weightings [are applied to] regular transactions and government-supported program transactions: "buyer’s price" (mehir lamishtaken) and "target price" (mehir matara) transactions.

Moody's Analytics supplements

For the general index, we produce a seasonally adjusted counterpart using the U.S. Census Bureau's X-13 ARIMA program.

Historical data: Yes.

Moody's Analytics seasonally adjusted supplements: Yes, once a year. Our customary process is to update seasonal factors with each new year of data, and to revise the SA series for the past five years.