At a conference held in Eilat, the chairman of the Tel Aviv Contractors Association, Amit Gottlieb, pointed out a serious problem in the real estate market as major cities like Tel Aviv and Jerusalem are losing residents. Gottlieb noted that Tel Aviv experienced a decrease of 22,000 residents, while Jerusalem recorded a decrease of 88,000 residents. He explained that despite efforts for urban renewal, the cities are failing to retain their populations. Yaki Reisner, owner of Reisdor Company, added that the state could make significant changes in the housing sector in a short time, unlike the actions of the Dira Lehashkir company, which he claimed has failed to yield results for a decade. The current situation indicates significant challenges in the real estate market as the major cities are unable to offer attractive housing solutions, leading to a phenomenon of negative migration.
Difficult to sell apartments as Tel Aviv and Jerusalem lose tens of thousands of residents
Source Themarker
Want to estimate a property in minutes?
Chat with Yoori's AI to get an estimate and find listings.
Open Yoori