The Israeli housing market, which was already struggling before the recent conflict, is expected to emerge from stagnation due to the ceasefire. However, it is anticipated to remain weak, as it has been since the beginning of the year. Unsold housing inventories are rising, and buyers are hesitant to make purchasing decisions due to the current uncertainty. Additionally, the increase in raw material costs could lead to a 5-10% rise in housing prices this year. Although the market was nearly halted during the conflict, with only a few thousand transactions completed, mainly for second-hand homes or those in the final stages of construction, economic prospects are improving. The decline in the dollar could lower import costs for materials, and a more stable regional geopolitical situation could strengthen the Israeli economy. A potential new administration might also boost the economy, thereby increasing housing demand.
