Liat Hazout, CEO of Poalim Equity, addresses the state of the real estate market in Israel and states that she sees what is happening as a correction rather than a continuous decline in prices. She believes that soon people will start returning to buy apartments, following a price drop of at least 30%. Hazout discusses the profit gap between Poalim Equity and Leumi Partners, emphasizing the importance of investing through private funds. She faces criticism regarding her forecasts and explains that she has faith in the market's ability to recover, even when current data does not support this. Hazout warns against panic in the market, which could lead to bank collapses and a severe economic crisis. She emphasizes the need for a balanced worldview, combining cautious optimism with an acknowledgment of the harsh economic reality facing households in Israel.
CEO of Poalim Equity, Liat Hazout: "What is happening in the housing market is a correction. Soon people will return to buying apartments"
Source Themarker
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