Adv. Avi Ben-Yaacov was a guest at the real estate conference

We were happy to take part in the Duns 100 forum in the presence of senior figures in the real estate law industry. Weksler Bregman & Co. was represented by Adv. Avi Ben Yaakov, a senior partner and head of our real estate department, who told the conference: “Until a few weeks ago, we dealt with rising interest rates as a dominant, slowing and restraining factor in economic activity, and certainly in real estate, which is considered the engine of the economy and affects all players in the market.  From entrepreneurs to mortgage borrowers.”

“They explained to us that there was a need to catch up with inflation, which had raised its head for reasons that are mainly global. Imported inflation. Now another self-producing accelerator has been added to inflation – the constitutional revolution. Yesterday’s interest rate increase by half a percentage point also reflects this concern at the Bank of Israel. The fear of a weakening economy due to the flight of investors and the strengthening of the dollar, which will raise the cost of living and inflation.”

Attorney Ben Yaakov added: “The constitutional revolution, bad in itself, came at a very bad time and will intensify the economic crisis that is taking shape before our eyes. Real estate will not escape the crisis and will not help mitigate it. The engine slows down, and we will all feel it. Did you think a children’s apartment was moving away? She’ll get farther away.”