The real estate market in Tel Aviv is experiencing a significant decline in demand for apartments, particularly from high-tech workers, following a wave of layoffs in the sector and the weakening of the dollar. The deputy chief economist at the Ministry of Finance, Galit Ben Naïm, noted that in April, the percentage of apartment buyers from the high-tech sector in Tel Aviv dropped to 11% for second-hand apartments, while it stands at 18% for new apartments. This is a significant change, as until now, high-tech employees were among the main drivers of demand in a city where apartment prices are very high. Currently, there are over 10,000 unsold new apartments in Tel Aviv, with a 34% decrease in apartment sales in urban renewal projects. Additionally, Nir Shmul, CEO of the Shenir group, pointed out that the impact of the dollar's weakening on these employees' options is harming their ability to purchase apartments, leading many of them to wait for better opportunities. This trend may also affect other segments of the real estate market, as the unstable economic atmosphere causes buyers to avoid long-term commitments.