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No house, no problem: NIS 300,000 can still buy a ticket on the real estate express
When it comes to buying a home, timing can be everything. And for those looking to get into Israel’s real estate market, the timing could hardly be worse. The past year has seen home prices soar by nearly 20 percent; mortgage rates are also rising, as the Bank of Israel raises interest levels in a bid to curb inflation. Meanwhile, the number of properties available for sale is falling. But experts say there may be little point in waiting for a better time. The costs of buying a home are expected to keep going higher and higher, although the breakneck pace at which they are rising may slacken. For a…