Tax Authority Reveals Data on Property Owners

Israel's Tax Authority has released data on property owners. According to statistics, about 424,000 families own two or more apartments, and the number of owners of five or more properties has grown by nearly 17%. The share of rental housing reached 30%, with the Tel Aviv District at 40%.

Israel's Tax Authority has released data on property owners, revealing the emergence of a class of professional rentiers. According to the Central Bureau of Statistics, there are about 2.96 million residential units in the country, compared to 2.98 million households. Owners live in 2.1 million apartments (about 70%), while the remaining 30% are rented out. Over the past decade, the share of those living in owned housing has declined from 75% in 2013 to 70% in 2024, while the share of rental housing has risen from 25% to 30%. The highest concentration of rented apartments is in the Tel Aviv District (40%), with the north at no more than 20%. About 1.77 million households own a single home, and 424,000 families have two or more apartments. The number of owners of five or more properties has grown by nearly 17%, and those with nine or more by 20%. Investors are often heirs or parents who bought an apartment for their children and cover the mortgage with rental income. High rental rates stimulate this business despite taxes and management difficulties.