A 3-room apartment within walking distance of the sea was sold for one million shekels. The Bank of Israel Governor's decision not to lower the interest rate has a direct impact on the second-hand apartment market.
The developers are offering a significant discount in the price of the apartment, since the developer absorbs the interest cost. Still, this week there were several interesting transactions in the used apartment market, among them one transaction in the city of Haifa in which an apartment was sold.