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Meitav sees Israel housing prices falling

Meitav investment house chief economist Alex Zabezhinsky predicts that more Israeli households will prefer renting a home rather than buying, leading to negative consequences. The average mortgage repayment is now higher than the average rent, putting pressure on the rental market and potentially causing a fall in apartment prices. The weight of the housing section in the Consumer Price Index has recently increased, meaning any rise in rents directly affects inflation.

Original article source: https://en.globes.co.il/en/article-meitav-sees-israel-housing-prices-falling-1001502266
Source Id: 8550532396

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