The article discusses the state of the real estate market in Israel, particularly the impact of the purchase tax on investors. The head of the tax authority, Shai Aharonovich, raised the possibility of lowering the tax to 5%-6% by 2027, but investors are not quick to believe it. Currently, the purchase tax stands at 8%, and investors point out that the high tax and the difficult economic situation, including high interest rates, make it hard for them to enter the market. Data shows a sharp decline in the number of apartment purchases for investment, with the first quarter of 2026 being one of the weakest since 2015. Many investors have abandoned the market and turned to other investments, such as the capital market. There is a sense of distrust in the system, with investors expecting clearer policy from the government regarding housing. The article emphasizes the need for a change in tax policy to encourage investors to return to the real estate market.