Israel Chamber of Real Estate Brokers vice chair Assaf Epstein: The hard blow is yet to come. I'm worried about what will happen.


Initial figures about apartment rents for the first half of 2020 seen by "Globes" reveal how the Covid-19 pandemic has disrupted the usual cycle, whereby rents rise in the second quarter of the year. According to an analysis of the data on the Yad2 website for advertising rental accommodation and figures from the Central Bureau of Statistics, rents have fallen in the cities that are usually the most expensive and have the highest demand.

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Jerusalem has never followed normal economic and Real Estate laws.  It was always illogical that a large city without a strong core of high earners, would have such high real estate and rental prices.  Jerusalem follows its own rules.

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