Contractors

In the car market, lots are cleared with 20% discounts, but in real estate, tens of thousands of apartments are unsold and the price barely moves. From the "zero report" to the fear of a "domino effect": the real reason contractors prefer to absorb huge interest rates rather than lower the price.

The Registrar of Contractors at the Ministry of Construction and Housing revoked the licenses of five contractors last week, after inspections raised suspicions that the engineering professional upon whose employment the license was granted is not actually employed by the companies.

An acquaintance asked me if the distribution of free apartments by contractors is a sign of an impending real estate market collapse. We examine why this is not the case and what hidden factors, including crime, are affecting prices.