A family from Be'er Ya'akov decided to sell the cottage they lived in due to the sharp rise in mortgage interest rates, which led to a significant increase in monthly repayments. The 5.5-room cottage was sold for 4.38 million shekels, and the family purchased a new 128 m² apartment in the city for 2.85 million shekels, without needing an additional loan. This case highlights the many difficulties faced by homeowners in Israel, especially young families, who are forced to deal with high housing costs. Some are troubled by the situation and express concern about the future of young people, who struggle to buy an apartment without parental support. The current situation in the Israeli real estate market raises many questions about government policy and its impact on apartment prices, as many feel that the economic reality forces them to live in a state of economic instability.
Due to the unbearable mortgage: the family sold the cottage for 4.4 million shekels
Source Themarker
Want to estimate a property in minutes?
Chat with Yoori's AI to get an estimate and find listings.
Open Yoori