In Israel, the sluggish housing sales have led to an increased demand for rental properties, causing rental prices to rise. This shift is transforming the rental market, which was supposed to be an alternative for those unable to afford high purchase prices, into a less accessible option as well. The shortage of supply is further aggravated by the low number of investors driving the rental market. Experts note that families are paying thousands of shekels more each year just to stay in their current homes. The Central Bureau of Statistics report highlighted a rise in rental demand and prices, while developers' sales offices remain empty. The Israeli real estate market is at a standstill, with falling housing prices and high interest rates making purchasing unattractive. Many Israelis are opting to rent to maintain flexibility amid an uncertain future in the country.
