Hoping everyone is staying safe. Feeling fortunate to live in a city like Modiin where most homes have a mamad. Praying for all our soldiers fighting for our future and thinking of all the families who have lost loved ones...
People have been asking us - what is the current economical impact of the war and what does this mean for the future of local real estate:
The Israeli stock exchange is up by 4%.
The Dollar is down by 1.5% to 3.08 NIS.
The Bonds are up and Interest rates will probably go down significantly during the next few months.
All economic signs indicate that the Israeli geopolitical situation is going to improve and Israel will be a safer place after the war, and real estate prices will probably start to rise.
If you want to schedule a virtual coffee date in the coming week, I'm around...and as soon as it is safe enough, can happily meet at a coffee shop too!
Stay safe and wishing you and your families a safe and Happy Purim.