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DUNS100 forum for real estate law industry leaders

Adv. Avi Ben Yaakov, partner and Head of the Real Estate Department at Weksler Bregman & Co., participated yesterday in a Duns100 forum for senior figures in the real estate legal industry, where an important discussion was held on the challenges posed by the war to the real estate industry in Israel, as well as other issues.
Avi expressed concern about the future of income-producing real estate: “We are all familiar with high interest rates, the shortage of apartments and the other problems affecting the residential sector in Israel. Nonetheless, I believe that over time demography will do its job and the residential sector will return to normal, through a combination of moderation in inflation and other factors, but the big question, which is mainly relevant to the office sector, is where is the country going?
My fear is that the high-tech industry, the locomotive of the economy and the world of income-producing real estate, will go backwards and demographics will no longer help. The State of Israel needs other hands to manage the economy and bring it to recovery in core areas in which it has a relative advantage. If this does not change, we will see that the ancillary worlds will not return to themselves, such as the hotel industry, which is considered a very sensitive field for security situations. We must see the change that we all hope and hope for, so that the country’s commercial sectors will also recover and lift up real estate in all its branches.”

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