Industry experts are weighing in on the recent decline in construction, warning that the market has yet to see the full impact of the current slowdown. They point to a lack of centralized strategic direction and absence of allocated budgets for programs initiated by the previous administration.
Amidst these national challenges, local momentum continues: The Tel Aviv District Committee has officially advanced a major redevelopment plan for the Kiryat Shalom neighborhood, featuring 335 new residences. Simultaneously, Jerusalem’s landscape is being transformed by the Neve Yaakov project, which will expand an existing complex of 111 aging apartments to a modern development boasting 565 luxury residences.