The Central Bureau of Statistics (CBS) launched a new index for second-hand apartment prices, indicating a 1.2% decrease in prices in the second quarter of 2026 compared to the first quarter. The declines were particularly notable in the Jerusalem and Tel Aviv districts, with drops of 2.9% and 2.0% respectively. The new index aims to provide a more accurate picture of the market, free from the influence of financial promotions like 80/20, which complicate the assessment of apartment values. Dr. Doron Saig, head of housing at CBS, noted that the index is based on actual transactions in the private market, allowing for a better understanding of market trends. The index will be published quarterly to ensure high reliability and reduce statistical volatility. This move joins other improvements by CBS in the real estate sector, including new indices for new apartments and land.