Prices
Housing Ministry director says apartment prices are falling, urges developers to cut prices
9 November 2026 · Based on Israel Real Estate Center
Yehuda Morgenstern, director general of the Housing Ministry, said at an urban renewal summit that developer promotions make buyers wait for further declines. He called for telling the public that prices have dropped 10%-15%. He added that the state is advancing a NIS 5-10 billion subsidy plan for urban renewal in earthquake-prone cities.
What it means for buyers abroad
Officials are openly signaling price weakness and developer incentives, so buyers abroad may find room to negotiate. Compare actual deals and promotions rather than relying on headline figures.
Read the original article (Israel Real Estate Center, in Hebrew) ↗
