Liberman vows that skyrocketing house prices will ‘moderate’ by end of 2022

By Ricky Ben-David

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21 December 2021, 4:20 pm

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Ricky Ben-David is a Times of Israel editor and reporter

Finance Minister Avigdor Liberman speaks during a press conference, presenting new reform on housing, at the Finance Ministry offices in Jerusalem, on October 31, 2021. (Yonatan Sindel/Flash90)

Finance Minister Avigdor Liberman says that Israel’s skyrocketing housing prices will “moderate” by the end of next year and Israel may even see prices drop in the following year, according to his estimates.

The housing issue “is not something that can be solved in a month or two, it’s a long process,” Liberman says at the Israel Business Conference hosted by business daily Globes in Tel Aviv.

“For several years, this issue was neglected… I believe that towards the end of 2022, we will see a significant moderation in housing prices. Within two years we can even lower prices. Purchase tax has come to cool off demand and I am optimistic.”