"Several steps are planned that will lead to a real change in the real estate market in Israel" - Walla! Real Estate. A special conference of the Alrov Institute for Real Estate Research was held last night.
At the conference, the Director General of the Ministry of Finance detailed a number of steps planned to change the housing market. According to Prof. Danny Ben-Shahar, of the Elrov Institute, there are 3 major developments in the market following the events of October 7: an increase in uncertainty in Israel's credit rating; a drastic decrease in the number of workers at the construction sites; and a deepening of the recession.