Emigration can explain weak home sales in recent years, Bank of Israel says

The central bank's 2025 annual report says net negative migration will lower demand in coming years. Despite low profitability, developers continue to build to ensure continued cash flow

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Emigration can explain weak home sales in recent years, Bank of Israel says

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The central bank's 2025 annual report says net negative migration will lower demand in coming years. Despite low profitability, developers continue to build to ensure continued cash flow

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Hadar Horesh

12:12 AM • March 26 2026 IST

One reason behind the declining demand for homes in recent years is that growing numbers of younger Israelis are leaving the country, Bank of Israel economists said in the central bank's 2025 annual report released on Monday. They said forecasts for housing demand need to be revised to reflect the new reality.

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