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When Israelis downsize their homes but upgrade their quality of living haaretz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haaretz.com Daily Mail and Mail on Sunday newspapers.
Israel is facing another surprising surge: new hotels haaretz.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from haaretz.com Daily Mail and Mail on Sunday newspapers.
Follow Jan. 10, 2021 Ten months into the coronavirus pandemic, home prices continue to climb and sales remain brisk. But not all is well. Demand for homes in high-priced Tel Aviv and Jerusalem is falling as buyers appear to hedging their bets. A survey of thousands of Israeli households conducted by the Geocartography Knowledge Group, led by Dr. Rina Degani, found that among those looking to buy a home, only 7% to 8% are now considering Tel Aviv, a decline of as much as 30% from 2010. Demand for housing in Jerusalem was down, too, although by a much smaller 1.5%, to about 7% of all potential home buyers. The drop marked the end of 12 years of steadily rising demand for both cities, a halt that Degani attributed to the cities’ high prices. ....