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From the effects of the protest against the reform: thousands of workers will be fired from the renovation industry - voila! Real estate

2023-03-27T13:54:28.142Z


Eran Siev, chairman of the Renovation Contractors Association, said that this year there was a decrease in the sale of apartments and at the same time a decrease in the acceptance of work in the renovation industry. "I don't remember a time like this," says Siv


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An extraordinary period (Photo: Public Relations)

The Association of Renovation Contractors said that thousands of workers will be laid off from the renovation industry after the holidays due to the drastic drop in job acceptance in recent weeks.



Passover is supposed to be the holiday of renovations, but this year the symptoms of Passover are a sharp drop in the acceptance of renovation works.

The Renovation Contractors Association explains that a large part of the apartment owners are canceling or postponing the work because of the political uncertainty and the drastic increase in interest rates in the economy.

In light of this, the association notices a drastic increase in private individuals who carry out the work alone without professional tradesmen who have undergone training, in order to save money.



Eran Siev, chairman of the Association of Renovation Contractors, said, "If in the past due to a decrease in the sale of apartments, people used to renovate, this year we are witnessing a worrying phenomenon that there is both a decrease in the sale of apartments and a decrease in the acceptance of work in the renovation industry.

I don't remember such a time in the industry, and even before Passover."

from the effects of the protest against the reform

Precisely before the "Holiday of Renovations and Cleanings", against the background of the economic and political uncertainty in the country, together with the rise in inflation and interest rates following it, in the last two weeks voices were heard calling for a crisis in the renovation industry, and a sharp drop in demand, compared to previous years.



As first published in Vala Real Estate, the chairman of the Renovation Contractors Association, Eran Siev, recently warned of a 25% decrease compared to last year in renovation work during this period, which is considered the best in the renovation industry.

According to Siv, the renovation contractors say that there are cancellations or postponements of works planned for Passover.

"People simply don't know what will be here and what is going to be here. The economic uncertainty, according to him, is what makes people fear and spend less money."

  • Real estate

Tags

  • renovations

  • Passover

Source: walla

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