Planning
Ramat Gan mayor warns falling market could stall urban renewal plans
6 November 2026 · Based on Israel Real Estate Center
At a contractors' conference in Eilat, the Ramat Gan mayor warned that if the market keeps declining, 90% of urban renewal plans could be shelved. Tel Aviv's city engineer said a record number of building permits is expected there this year and that the market is working very strongly. Developer Yaki Reisner said even 0% purchase tax (mas rechisha) would not bring buyers back, and called for tax incentives for rental housing.
What it means for buyers abroad
Urban renewal timelines in Gush Dan may depend on market conditions, and local picture can differ by city. Buyers abroad considering renewal-linked projects should check each project's progress.
Read the original article (Israel Real Estate Center, in Hebrew) ↗
