Israeli Real Estate Increases Aren’t Expected
A new survey conducted by business information company BDI says half of Israeli contractors expecting no change in real estate pricing. 40% of Israeli contractors expect housing prices to increase in 2013, 51% expect Israel real estate house prices will remain flat and 9 % expect a decline in prices.
Major real estate players like Ron Hershco, Clal and others are confident in the market. The contractors don’t believe there will be a bubble in the market.67% of the contractors expect that in the final quarter of 2012 there will be an increase in activity. 31% expect the volume of activity to remains unchanged and only 7% expect the volume of the Israel real estate activity to decrease.
For 2013, 56% of Israeli contractors expect an increase in activity and 44% do not expect a change or view a decrease in activity. “The sharp decline in housing demand after the outbreak of the protest, along with government promises that prices will fall, and the credit crunch – significantly increased financing costs and led to a decline in investment contractors,” said Eyal Yanai of BDI.
About the Author: