Since mid-2023, the real estate market in Israel has experienced price declines after 15 years of continuous increases. The Central Bureau of Statistics index indicates an annual decrease of 1.3%, but some estimate that the reality is tougher, with declines of up to 20% in recent years. A new analysis by BYNDbiz shows a 1.8% drop in second-hand apartment prices in 13 major cities, but with significant differences between cities. In Bnei Brak, for example, a decrease of 9% was recorded, while in Bat Yam it is 6%. The reasons for these declines include an increase in the number of transactions, particularly in areas with high natural growth like the ultra-Orthodox sector. The CEO of Tzohar, Uri Levin, noted that financing promotions and contractor benefits influence the data, making it difficult for second-hand apartment owners to understand the market. The analysis of "repeat transactions" provides a more accurate picture of apartment prices and helps property owners avoid illusions that could lead to delays in selling.