60 Years of Work Needed to Buy a Home in Israel, New Construction Plan Offers Hope

Housing prices in Israel have surged to the point where it now takes approximately 60 years of work for young couples to afford a home. This growing affordability crisis continues to push homeownership further out of reach for many. Alex Kleinstein, founder and partner at the real estate company Cushman, revealed a recently approved construction plan that aims to reduce the risks and barriers young buyers face on the path to owning a home. The plan, which involves building up to the 12th floor, is expected to increase housing supply and improve accessibility for first-time buyers. This initiative was discussed in a segment on Keshet 12 and Medio Real Estate on August 11, 2026. The new construction strategy is seen as a potential solution to the ongoing housing affordability challenge in Israel.