The Palestine Monetary Authority published the Residential Property Price Index (RPPI) for Palestine for the fourth quarter of 2024, reporting broadly stable residential real estate prices with a 0.46% quarter-on-quarter decline to 107.6 points. On an annual basis, the RPPI was down 0.38% versus the corresponding quarter of 2023; the release notes the data exclude the Gaza Strip due to the ongoing Israeli attack since October 2023. The overall change reflected divergent sub-index movements, with the house price index falling 0.79% to 108.4 points while the apartment price index was stable at 106.3 points. The update also summarised market characteristics for sold properties: around 65% of apartments offered for sale were new, averaging about 156 square metres, with half having one or two bathrooms and over two-thirds having three bedrooms and at least one balcony; houses averaged about 249 square metres, with nearly half new and around two-thirds having more than three bedrooms and at least three bathrooms. It reiterated that prices are influenced by property specifications, land prices, and geographic location and neighbourhood.

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