In the podcast "Talking about Money", the question of whether the real estate market in Israel is facing a collapse is discussed. Over the past twenty years, housing prices have risen significantly, but now, with rising interest rates and declining demand, the situation is changing. Galit Ben Naïm, senior deputy to the chief economist at the Ministry of Finance, notes that there is a decline in sales of new apartments, and young people are turning to other investments instead of buying apartments. The situation in the real estate market is characterized by a high supply of new apartments, but contractors are unwilling to lower prices, leading to sharp declines in the prices of second-hand apartments. Many potential buyers cannot afford the current prices, and the economic and political situation in Israel affects investors' decisions. The overall picture indicates a continuous decline in prices, as many members of the public struggle to find realistic housing solutions.
We asked the expert exposed to the most sensitive numbers if the real estate market is heading for a collapse
Based on themarker
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