Skip To Content
JEWISH. INDEPENDENT. NONPROFIT.

Support the Forward

Funded by readers like you DonateSubscribe
Breaking News

Israeli Real Estate Market Bounces Back

After a protracted slump in sales, buyers are returning to the Israeli housing market.

The year 2011 had been marked by a statistically significant downturn in sales. Transactions were all but nonexistent during the last quarter of 2011.

After a few years of steep gains in central Israeli cities, why would buyers think prices would retreat, anyway? One reason is the state of the global economy. Israel came out of the serial crises in the last few years pretty well. But inevitably, the weaker the global economy, the more it must impact Israel through depressed demand for Israeli products. The worse the economic situation in Israel, goes the logic, the more home prices are likely to drop.

But the more significant reason had been the growing awareness of the Israeli consumer, as evident in last summer’s cost-of-living protests.

The high cost of housing in Israel was a key driver of the protest movement. As tents popped up like mushrooms on city squares and tree-lined plazas up and down the land, Jerusalem scrambled for ideas, such as freeing more land for development. But by the nature of things, solutions addressing the supply-side of the housing market will take a long time to impact pricing.

For more, go to Haaretz.com

Engage

  • SHARE YOUR FEEDBACK

  • UPCOMING EVENT

    SKY & SCULPTURE

    Hybrid: Online and at the Marlene Meyerson JCC Manhattan

    Oct 2, 2022

    6:30 pm ET · 

    A Sukkah, IMKHA, created by artist Tobi Kahn, for the Marlene Meyerson JCC of Manhattan is an installation consisting of 13 interrelated sculpted painted wooden panels, constituting a single work of art. Join for a panel discussion with Rabbi Joanna Samuels, Chief Executive Director of the Marlene Meyerson JCC of Manhattan, Talya Zax, Innovation Editor of the Forward, and Tobi Kahn, Artist. Moderated by Mattie Kahn.

Republish This Story

Please read before republishing

We’re happy to make this story available to republish for free, unless it originated with JTA, Haaretz or another publication (as indicated on the article) and as long as you follow our guidelines. You must credit the Forward, retain our pixel and preserve our canonical link in Google search.  See our full guidelines for more information, and this guide for detail about canonical URLs.

To republish, copy the HTML by clicking on the yellow button to the right; it includes our tracking pixel, all paragraph styles and hyperlinks, the author byline and credit to the Forward. It does not include images; to avoid copyright violations, you must add them manually, following our guidelines. Please email us at [email protected], subject line “republish,” with any questions or to let us know what stories you’re picking up.

We don't support Internet Explorer

Please use Chrome, Safari, Firefox, or Edge to view this site.