Christina Danie
When the state of Israel was established, Jews from all over the world began to get settled down in the newly formed land due to which house shortage took place. To compensate for this housing shortage, the government of Israel promoted the establishment of temporary houses in the country. In the present times, the cost of the real estate prices here have risen abruptly, so affording the housing and the land both for commercial or personal use has gone out of budget for many people. The real picture in the country In the last five years, the cost of housing has been getting doubled up, and it has become harder for the dwellers there to afford a house. The hike in the real estate prices was encountered when the global economic recession led to slashing down the interest rates on the loans. As a result of which, there was an increase in the prices of the houses so much that people found it hard to afford a home for their living.
It was felt by many that Crise immobilière Israel may sound like a death knell for the real estate sector of Israel as the prices in the different cities of the country were subjected to a massive price rise.
Know the loopholes of Israel real estate decline!
Well, that is a law of nature depicted in the real estate business in Israel, which was once touching the sky is now on the decline. Various factors contribute to this grim situation, and almost for the past seven years, there has been a constant battle for the natives as it is difficult for them to buy the home for themselves. Currently, the real estate business in Israel is on the decline. Still, despite the decline, the young couples can’t have their own house, for which the commoner has made a protest against the soaring price that has crippled the families in every possible way.
How to have affordable housing?
You can check several factors before buying a property, be it for your use or renting it out. The factors you should consider about the contractor from whom you are buying the property include checking out the firm’s background and the banks to which you have to pay the money to buy.
Sure shot ways to get duped ignore the criteria mentioned above that may land you in the bloody net of fraudulent contractors and faulty deals.
