17/06/2026
186,000 Israeli millionaires and counting: what does that mean for the future of real estate?
Despite war, geopolitical uncertainty, and global volatility, Israel added more millionaires in 2024, reaching 186,000 individuals with net assets above $1 million, according to the UBS Global Wealth Report 2025. The figure highlights a broader trend that is reshaping the country’s economy, wealth landscape, and potentially the trajectory of property prices.
A few numbers worth noting:
• Average wealth per adult: $284,224
• Israel ranks #17 globally in average wealth per adult
• Average wealth grew by 7.8% in real terms in 2024
• Since 2020, average wealth has increased by nearly 30% – one of the strongest performances among 56 countries surveyed.
This raises an important question:
Is Tel Aviv real estate expensive… or are we underestimating the number of people who can afford it?
Real estate prices are not driven only by supply constraints.
They are also driven by wealth creation.
More entrepreneurs.
More exits.
More global capital.
More intergenerational wealth transfers.
When the number of affluent households keeps growing while prime land remains limited, prices tend to reflect this reality.
Perhaps the real story isn’t that Israel is expensive.
Perhaps the real story is that Israel has become significantly wealthier than many people realize.