The war and the attendant economic downturn are impacting many sectors, but real estate investment is on the up and up.
Globes reports that a survey by the Ministry of Finance’s Chief Economist found that real estate investors’ purchases have been at the highest level since 2021.
The weakness in real estate investment over the past several years may be partly attributed to the increase in the tax on multiple property ownership.
In addition, for the first time since 2022, more people are buying than selling properties.
The increase is substantial; real estate investment purchases in the first five months of 2024 were 28% higher than they were for the same period in 2023.
In addition, housing prices are rising and may see double-digit percentage increases by 2025.
The price increase in apartments was 4% for the first five months of 2024, and it is rising higher.
