תיקון בשוק הנדל"ן בישראל יהיה שולי

"תיקון בשוק הנדל"ן בישראל יהיה שולי

There's a new economics website, called כלכליסט that I saw today. The article linked to above is taken from there. I think that this is just a new branding for Yediot's business desk, mimicking Ha'aretz and the Marker.

I've heard a lot of speculations about expected corrections in the prices of real estate in Israel. According to the experts cited in this article, these are unfounded. In the worst case scenario, we might see some shekel stickiness when the dollar starts to appreciate (if ever).

In another article on the same site, there has been a 6% reduction in the number of new apartments sold this year. Yet another article tells that there has been a 10% increase in demand for apartments in the country. While this sounds contradictory, it is very clear. The government has not issued enough permits for new buildings for many years running. This is decreasing the number of available new apartments, while the number of people wanting to purchase homes continues to grow.

It is hard to see how there can be any market correction when the demand continues to outpace the supply.

Every case is different, and you should always consult your qualified Israeli Mortgage Expert.