The Israeli real estate market is currently experiencing a significant decline in prices, with apartments being sold at much lower prices than in previous years. A 5-room penthouse in Jerusalem was recently sold for less than 2 million shekels, highlighting this trend. In Netanya, a similar apartment on the 17th floor was sold for 2.85 million shekels. Prices are dropping across the country, particularly in Herzliya, Tel Aviv, and Ramat Hasharon, where experts predict continued declines over the next five years. Investors are moving away from real estate, now viewing the Israeli stock market as a more viable alternative. The market is oversaturated with excess supply, forcing sellers to significantly lower their prices to make sales. This situation is exacerbated by a perceived government inefficiency, fueling public discontent.
