Real estate prices in Sderot showed a steep rise in the recent years. For the last few years property values have plummeted and they cannot drop down any further. The prices have recently stabilized however and sources say that they cannot drop any further.
Real estate prices in Sderot in fact now are lower than anywhere else in the South. In fact they have remained stable over the past two months. Agents of real estate seem to be agitated over this fluctuation in price and its consequent dropping down. A real estate agent says: The property value have really dropped down and it cannot drop down any further.
Real estate prices in Sderot are fluctuating as some people simply closed up their houses and moved out of rocket; nonetheless there are many others who have stayed on because they cannot afford to sell or rent their homes at such low prices. What is amazing and significant is that no one is n asking resident of subsidized public housing where they want to live.
Real estate prices in Sderot are fluctuating mainly because of the opportunists from Tel Aviv . They are basically the people who are looking for a nice house for the price of a three-room apartment. Basically they look this sale as an investment for the day the Qassam rockets stop falling and there is a consequent increase in prices at the real estate.
Real estate prices in Sderot have become a cause of concern for real estate agents who often are telling the visitors that there are no bargains. What is disgraceful that though people have to have the right to choose where to live yet when a person cannot decide for himself the situation is abominable.
Take for instance the case for Larissa who is one of the victims of the situation in which Real estate prices in Sderot are fluctuating. She immigrated to Israel from Moscow in 1999 and paid $70,000 in 2001 for her four-room home. This however is now worth no more than $60,000. She naturally is upset and keen to move from here, to somewhere north of Ashdod; nonetheless this is impossible for her as she has a mortgage to pay back.
Haaretz
