An analysis by the Center for Haredi Strategy and Policy shows that the housing crisis in Israel is particularly severe for the Haredi community. Since interest rates rose in 2022, the pressure on the real estate market has led many households to reduce property purchases. However, within the Haredi community, the insistence on buying homes continues despite heavier mortgages. Data indicates a record increase in mortgages and monthly repayments among the Haredim, resulting in decreased home ownership and rising average rents. The situation is worsened by risky financial practices and informal lending structures that could collapse without continuous financial support. This crisis highlights the unique economic challenges faced by the Haredi community within the broader context of Israel's housing crisis.
