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Ride the Wave

24.01.2024 By Yitzchak Kowalsky

As the war continues here in Israel, the real estate market has woken up. You might wonder why specifically now, in such a time of turmoil have buyers decided to enter the market? There are a few reasons.

Due to the war, interest rates have gone down, making it more feasible for those who couldn’t buy, now to jump into the pool of those looking. These buyers are feverishly looking to buy something as fast as possible, as we believe interest rates will rise once the war comes to an end.

Another reason is the huge wave of Aliyah that is expected in the next couple of years. Whether it’s due to the growing antisemitism or not, Nefesh b’Nefesh, from what we’ve heard, opened up another team just to deal with the extremely high volume of applications coming in. Those making Aliyah will need somewhere to live, and while some will go to other cities, many will want to stay in Jerusalem, as we’ve seen from other trends in the past. This will drive the prices up. Therefore, those who choose to stay on land and not surf the wave, will find themselves looking at higher price tags for properties.

So as our nation goes through its extreme changes all around the world, and I, myself, am coming back to regular citizen life (still not fully there yet), I’ve realized that there’s no time like today to buy a property in our homeland, and to secure your piece in this land we fight with all our might to secure.

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