Reservists Return and Revive the Real Estate Market

The large-scale release of reservists in recent weeks is generating positive momentum in the real estate sector. It’s no secret that when the war began, the market experienced a significant slowdown, leading to an expected decline in sales. The uncertainty and anxiety of the war’s early days, coupled with the physical absence of many reservists who were called up for duty, brought the real estate market to an almost complete standstill | Yaki Dayan, CEO, Harey Zahav Real Estate

Many companies chose to halt their operations entirely at the start of the war, while others continued despite the turmoil, recognizing that even in times of crisis, opportunities can arise. The construction industry also took a hit, with Palestinian laborers unable to work and the urgent need to recruit workers from other parts of the world, forcing many developers to freeze projects.

Now, with the return of many reservists, there is a noticeable uptick in sales transactions, signaling a strong market rebound. Conversations with buyers recently discharged from reserve duty reveal that real estate was on their minds throughout their service. Many express a deepened desire for stability, a renewed determination to fulfill their dream of homeownership, and a stronger motivation to establish a solid foundation for their families. These sentiments are driving a significant revival in the market.