Apartment prices increased by 1% in just two months, from the beginning of 2024. For the first time in half a year, they went up by 0.3%.
Only about 4,895 apartments began to be built as part of the government housing programs in 2023. This is a drop of about 37% in relation to the year 2022, in which 7,739 housing units were built.Ohad Asraf, CEO of Ari Magorim for real estate marketing, points out that "the sharp decrease in the construction of subsidized apartments intended for the homeless eligible for the Ministry of Housing is bad news for young couples," he says. "Today their share in the market is getting smaller and smaller," says Asraf. "If in the past the government housing programs were a significant part of. The construction and the chances of winning the lotteries were higher, after all, today their share is getting less and less." The apartment price index for the month of February published this week.