According to Alex Zabezhinsky, the chief economist of Meitav Investment House, the government can't meet the budget deficit target.
Yaakov Kwint, director general of the Israel Land Authority: "The trend of falling apartment prices will continue in the coming months."
Unlike the US or Canada, where there is abundant affordable property for rentals, Israel is overcrowded and expensive. Over the last 15 years, the price of homes in Israel went up by 8% annually.
For young couples, the goal of buying an apartment is getting further and further away, and some are considering investing in real estate abroad.
Gafni and Smotrich said they would meet with the banking regulator, which is part of the central bank, to come up with a solution for mortgage holders.
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