In the housing market in Israel, a growing crisis is being recorded, as developers receive building permits but do not implement them. Data from the planning administration shows a significant increase in the number of permits issued, peaking at around 84.4 thousand housing units in 2024, but the gap between permits and construction starts remains large. Especially in recent years, a decline in construction starts is noticeable, with about 40 thousand housing units not realized. The leading cities in issuing building permits, such as Jerusalem and Tel Aviv, are also those with a high supply of unsold apartments. Economic problems in the market, such as a low sales rate and increasing competition among developers, cause many developers to prefer to avoid implementing the permits. Forecasts indicate that the situation is not expected to improve soon, and the high supply could lead to downward pressure on real estate prices.