Ophakim Housing Lottery Winners See 64% Profit on Purchase
Translated & summarized from TheMarker by baba
Housing lottery winners in Ophakim have profited by about 64% due to a significant gap between subsidized and market prices. The average apartment price in September was NIS 2.05 million, while subsidized apartments averaged NIS 8,300 per square meter. This discount is 14% higher than planned, with a decision on financing benefit restrictions pending.
The story in 5 lines · by baba
- Ophakim housing lottery winners saw a 64% profit from subsidized versus market prices.
- Average apartment price in Ophakim was NIS 2.05 million in September.
- Subsidized apartments averaged NIS 8,300 per square meter in early 2026.
- The actual discount was 14% higher than the subsidy program's planned discount.
- A decision on financing benefit restrictions is expected soon.
Apartment buyers in Ophakim who won government housing lotteries have realized a profit of approximately 64% due to the gap between the subsidized price and the market price of the apartments, according to a review by the Ministry of Finance's chief economist. The average price for an apartment in the city in September was NIS 2.05 million, equating to an average of NIS 13,600 per square meter. However, the average price for an apartment under the subsidy program during the first eight months of 2026 was only NIS 8,300 per square meter.
This actual discount is 14% higher than the discount planned within the subsidy program. These figures are being released ahead of a decision by the Supervisor of Banks regarding the continuation of restrictions on financing benefits.