"The slump in the housing market is psychological: the question is who will blink first, buyers or contractors"

Attorney Micha Gidron, outgoing chairman of the Central District Committee, says in an interview that the slump in the housing market is psychological and stems from buyers waiting. According to him, once buyers return to the market, prices will jump again due to population growth and real demand.

Attorney Micha Gidron, outgoing chairman of the Central District Committee, argues in a farewell interview that the slump in the housing market is psychological and stems from buyers waiting for prices to drop. According to him, the question is who will blink first – buyers or contractors. Gidron warns that once buyers return to the market, prices will jump again due to population growth and real demand. He addresses the property tax distortion that leads to approving millions of square meters of unnecessary commercial space, and suggests composing local committees with more professionals. Gidron praises the reforms of the Planning Administration and the Ministry of Interior, but calls for continued planning and approval of housing plans in light of the real shortage.

"The slump in the housing market is psychological: the question is who will blink first, buyers or contractors"