>>512450230
"Reasonable market conditions"
"As demand has increased, property owners are taking advantage of this situation and have decided to raise their prices," a real estate agent who works in the neighborhood hit by missiles told us. "These are reasonable market conditions."
"We feel a lot more demand," says another broker who also works in a neighborhood that was hit by missiles. "A lot more people are looking for apartments today, a lot more phone calls, a lot more people are coming to see. And we've been feeling this crazy increase in the last two months in rental apartments."
"We are seeing, following the war with Iran, a relatively sharp increase in rental prices in a short period of time", says Madelan CEO Tal Kopel. "It's not just because of the evacuees. The war also led property owners of old apartments to look for apartments with a rental agreement."
Apartment owners also talk about the high demand for rentals in the affected neighborhoods, and attribute this to the general cost of living that has soared and the increase in the mortality they themselves pay.
"I think what I'm taking on isn't exciting, 5,500 shekels in rent," says M., who owns a four-room apartment for rent in Bat Yam. "Yes, we've raised it a bit. I have to keep up with the mortgage - today I found out it went up another 600 shekels. There's a lot of demand now, my husband just put up a sign yesterday and now they're starting to call."
How much did prices climb?
The result of all this is a price increase of 5%-6.5% in the central cities compared to the eve of the war with Iran.