The rent is tight, the dream of the apartment is receding and the Israelis are desperate: "Work endlessly and that is not enough"

The sharp rise in housing prices has reminded tens of thousands of young couples how difficult or impossible the task of buying an apartment in Israel is.

And while prices are rising, even couples who have managed to purchase a property with great difficulty find themselves in a daily struggle with the cost of living.

"We and the next generation can continue to dream"

Yoav Itiel, Yanir Yagana, Yael Friedson and Alon Naim

16/02/2022

Wednesday, 16 February 2022, 07:15 Updated: 07:18

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In the video: Activists of the "yellow vest protest" demonstrated against the rise in prices in the economy (Photo: Roni Kanfo)

The sharp jump in housing prices as presented last night (Tuesday) by the CBS once again reminded tens of thousands of young couples how difficult the task of buying an apartment in Israel is. And while apartment prices are rising, rents are rising, In the face of the cost of living. "We, and the generation behind us, remain in rent and the dream of our own apartment remains and will remain a dream," they lament.

"We would like to buy an apartment, but the prices are going up and we realized that the chances of buying in the city are going down," say Yonatan and Naomi Dror, parents of four children who rent an apartment in Jerusalem.

Both are independent, Naomi treats Chinese medicine and Jonathan is the CEO of Leaf of Life for natural products. In the past year a new baby was born in the family, and the apartment they live in became small for them. The two began looking for a bigger apartment, "It is difficult to find large apartments for rent in Jerusalem, and those in the market are very expensive and not worth the price.

We love the city, but the market is crazy, "Yonatan emphasizes.

Kelly Dan and Tal Azriel are 30-year-olds who rent an apartment in Tel Aviv, who testify to themselves that their quality of life is deteriorating as prices rise.

"Because of the market situation, we have to live in a less good area. The prices are sky-high and insane," they say.

"This state of trying to save leads to us giving up a lot of things: the proximity to the workplace, to the recreation areas, and everything to just be able to live."

According to them, although they earn a handsome salary in relation to their age group, they are required to live a limited lifestyle.

"We do not allow ourselves to live in a reasonable and luxurious apartment, rather we live just below our financial capacity to be able to save some money and move forward," they say.

Shlomi Kleiman, a resident of Ashkelon who recently managed to purchase an apartment through a price-per-tenant program, told about the daily economic struggle he is waging.

"In the meantime I pay rent in parallel with the mortgage, it's really hard for a young couple with a child. I teach math and study for a master's degree, my wife has a master's degree and memorization earns quite a bit. "Including water, property taxes and electricity. The expenses are large. The cost of living is eroding us. Prices have become so high that we are working endlessly to finance the apartment we bought."

More on Walla!

Another jump in housing prices;

Significant price increases also in food, fruit and vegetable prices

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"The market is crazy."

Construction in Kiryat Yam (Photo: Reuven Castro)

Anna (pseudonym), a single mother from Zichron Yaacov for three adult children aged 23-18, tells Walla!

"It only emphasizes to me that I will never have a chance to buy my own house even in nearby communities. In Zichron Yaacov, the dream of buying a house has long been lost. There are no benefits for young people. It is a place for wealthy people only. It remains and will remain a dream, "she says.

Anna added that "the tenants suffer twice because the rent also goes up, so instead of saving, they spend more and more on a monthly rent or are forced to lower their standard of living. We rented a six-room house in the Givat Eden neighborhood for NIS 5,500." Shekels like that all of a sudden. It forced us to rent a smaller house, three rooms, in the center of the colony for NIS 4,000. But all the time there is always a threat of increases. "It meets the criteria. It seems that the government is not examining in depth what needs to be done. We have nothing to do - that's what it is. We will not go and steal."

Data from the Central Bureau of Statistics published last night show that apartment prices have completed an increase of 11.3% per year.

Comparing the prices of transactions made in November 2021-December 2021 with the prices of transactions made in October 2021-November 2021, it was found that apartment prices rose by 1.5%, thus completing the same increase of 11.3% compared to the same period last year.

In the segmentation of changes in housing prices by district in the months November 2021-December 2021 compared with October 2021-November 2021, price increases were recorded in all districts: North 2.4%, Central 2.3%, Haifa 1.4%, Jerusalem 1.2%, Tel Aviv 1.1% and South 0.7%.

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