How much do the people who show us apartments, close deals, and talk in big numbers really earn? New data from the Central Bureau of Statistics shows that a real estate agent or broker in Israel earns an average of NIS 16,602 per month.
This represents a 5.6% increase compared to last year and a 4.3% rise compared to June. Despite the slowdown in transactions and the wait-and-see atmosphere in the housing market, the numbers show that wages in the sector continue to climb, perhaps thanks to greater professionalization and the additional services surrounding real estate deals.
Construction is surging - but still not reaching the average
Those working on the physical side of the industry - contractors, laborers, engineers, and infrastructure workers - also saw a significant rise in wages in July. The average salary in the construction sector stood at NIS 13,520, an increase of 6.3% compared to the previous month, although a slight decrease of one percent compared to the same period last year.
This figure reflects a trend of recovery in the industry, supported in part by infrastructure, transportation, and urban renewal projects that keep the labor market active.
Stability in the number of jobs as well
At the same time, a slight increase was recorded in the number of jobs in the real estate and construction sectors. In real estate, approximately 34.9 thousand Israeli employees worked in July, compared to 33.6 thousand last year - an increase of 4.1%. In the construction sector, 223 thousand jobs were recorded, a 4% increase compared to the previous year.
Despite the volatility in the housing market, the data points to a relatively stable picture - with wages continuing to rise and the number of employees growing. It appears that the real estate and construction sectors continue to serve as a major employment engine in the Israeli economy, even during a period of uncertainty.