Afraid of left-wing threats? Real estate indexes lead the declines on the stock exchange
The Tel Aviv Stock Exchange is falling sharply, with real estate and construction indexes leading the declines. The TA-Real Estate index drops by more than 6% and the TA-Construction index by about 8%. The article cites political uncertainty and threats from the left to leave the country as possible reasons.
The Tel Aviv Stock Exchange is falling sharply, with real estate and construction indexes leading the declines. The TA-Real Estate index drops by more than 6%, and the TA-Construction index plummets by about 8%. Prominent stocks such as Israel Canada, Aura, Africa Residences, and Perschkovsky lose about 10% of their value. The article notes several possible reasons for the declines: political uncertainty, fear of failure in forming a stable government and difficulty passing a budget, as well as threats from left-wing elements to leave the country in the event of a right-wing victory. It also mentions the trend in apartment prices during the right-wing government, which in real terms recorded a decline. The article emphasizes that it should not be considered investment advice.
Afraid of left-wing threats? Real estate indexes lead the declines on the stock exchange