The article discusses the slowdown in apartment sales in Israel, which also affects large real estate companies. Despite the difficulties, some developers manage to maintain significant gross profits. For example, Prashkovsky reported a 3.5-fold increase in profits, while other companies like Israel Canada ended the quarter with losses. The data indicates that the market is facing a decline in sales, with developers also turning to the Jewish audience abroad to increase demand. The situation in the real estate market indicates significant supply surpluses, and forecasts point to a decade of stagnation and price declines. Some are concerned about the impact of the economic situation on apartment prices, raising fears about the future of the market. The article highlights the challenges companies face, alongside feelings of distrust towards the data from the Central Bureau of Statistics and banks.
The slowdown in apartment sales has also reached the large companies. Who coped better?
Based on themarker
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