Thousands of apartments stand empty, have rental prices dropped?
Apartment prices have been dropping recently and contractors stuck with inventory on the shelf come up with a new idea - long-term rental housing. Watch.
Assessment
A shift in Israel's housing market is underway as developers, facing unsold inventory, pivot toward long-term rentals. The question is whether this will actually lower rental prices or simply stabilize a market where thousands of apartments sit empty. The key tension is between developer strategy and consumer relief.