The Central Bureau of Statistics (CBS) launched a new index to monitor land prices in Israel, which is expected to be published annually. The index focuses on residential lands sold in state tenders, aiming to assess price changes while monitoring land quality. In recent years, land prices have experienced extreme fluctuations, with a 25% decrease in prices recorded over the past year, following significant increases in previous years. The price drop is attributed to a combination of factors, including rising interest rates and a stagnation in the housing market, which have affected developers' forecasts. For example, in tenders held last year, land prices were 40% lower compared to prices set in 2021. The findings indicate a lack of optimism among developers regarding future apartment price increases, reflecting significant changes in the Israeli real estate market.