Please note: advisory meetings and the service itself are provided in Hebrew only. These guides are here so you can read and understand the topic in your own language.
"Will apartment prices fall?", "Should we wait for a rate cut?": these are the questions I hear most. The honest answer: nobody knows. Even professional economists get housing market forecasts wrong.
What can you check?
Instead of guessing the market, check your own situation:
- Stability – do you have a stable job and predictable income?
- Equity – is there enough, including a safety cushion? How much equity you need
- Payment – is the expected payment comfortable, even in a rate-rise scenario? How the bank calculates your mortgage
- Horizon – do you plan to live in the apartment for at least a few years?
If the answers are positive, this is probably a reasonable time for you, regardless of the headlines.
Interest rates
Rates matter, but you can refinance a mortgage later if rates fall. The price of the apartment cannot be changed after you buy.
Renting versus buying
Waiting is not "free": there is rent. Renting vs. buying
Elia's tip: Do not buy an apartment out of pressure ("prices only go up"), and do not postpone out of fear ("it is bound to fall"). Buy when your numbers work.
This article is general information and is not personal advice or a commitment. Rules, interest rates and taxes change from time to time, so check the current situation and your own figures before any decision.