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Economy13:03 · 2h ago

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

N12Center
Translated & summarized from N12 by baba
The story · English

Housing prices in Israel have soared to the point where young couples face the daunting prospect of needing up to 60 years of work to afford a home. This growing affordability crisis continues to push the dream of 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 could help reduce the risks and barriers on the path to owning a home. The plan aims to accelerate building efforts and increase housing supply, potentially easing the financial burden on prospective buyers. The report was published on August 11, 2026, by Keshet 12 in collaboration with Medio Real Estate.

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