In the real estate market of Tel Aviv, there is a significant decline in apartment purchases by tech professionals, whose status in this market is being undermined. An analysis by Galit Ben Naïm, senior deputy to the chief economist at the Ministry of Finance, indicates that the share of tech workers among apartment buyers has dropped from 26% last April to 11% this April. At the same time, there is an increase in purchases by doctors, who offer more stable jobs, with 22% of their purchases being for investment, compared to only 13% for tech workers. The high salaries of doctors come later in their careers, but they buy apartments at higher prices than tech workers. Ben Naïm emphasizes the wage and job security gaps between the two sectors, noting that despite the decline in tech purchases, there is an increase in the number of license recipients to practice medicine in Israel. The medical sector, therefore, positions itself as a significant alternative in the real estate market of Tel Aviv.
Following the decline in purchases by tech workers in Tel Aviv - this is the sector replacing them
Based on nadlancenter
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