Globes reports that rising interest rates have reduced the number of real estate deals in Israel but have failed to cut prices. Young couples have not abandoned the market, even though the price of an average apartment in the country has reached a record NIS 1.92 million, up 19.8% over the past 12 months, according to the Central Bureau of Statistics, including a 1.1% rise between July-August 2022 and August-September 2022.

Source - Globes/Twitter - Image - Shutterstock