In Israel, there is a paradoxical increase in housing prices for wartime, writes The Times of Israel.
The country's real estate market never ceases to amaze in the context of the ongoing conflict: apartment prices have soared to almost record levels.
Experts explain this paradox by a combination of factors: a long-standing shortage of supply, significant population growth, and growing foreign investment. All this supports growth, even though the war disrupts construction activities and economic stability.
According to Danny Ben-Shahar, director of the Institute for Real Estate Research at the Tel Aviv University School of Management, the sharp rise in prices began long before the conflict escalated.If we look at the last decade, we will see that prices began to rise around 2007, and there was a short-term stabilization until 2020. However, over the past two years they have grown again," he said.
The war has affected customer preferences. Realtors note that the demand for new apartments and houses with built-in safe rooms is increasing.
Source: The Times of Israel
