Sharp Drop in Real Estate Transactions in Occupied Territories; “No Hope for the Future
The English section of webangah News Agency, quoting Mehr News Agency and Shehab, reported that the Israeli newspaper Calcalist admitted property transactions in the occupied territories have drastically decreased due to the Gaza war, rising costs in the region, and uncertainty about the future.
The Israeli economic daily globes also previously highlighted that according to estimates from the Ministry of Finance, investors who had purchased multiple properties withdrew their capital from this sector during August last year.
An economic expert told this newspaper that property purchases fell by 16 percent in August compared to previous months.
The report noted that instability in israel’s economy is prompting major investors to seek opportunities elsewhere. They cited severe impacts of the war on the economy and rising rental rates as key concerns.
