Future apartment shortage in Israel

With global real estate markets experiencing declining values over the last 12 months, one would think the same would hold true for Israel.  That may be the case at this moment, but according to an article at jpost.com   earlier this month, the point is made that construction of new apartments is way down which may exert upward pressure on prices when demand picks back up.  
 
We would like to hear from anyone who has a thought or opinion about this topic, whether you are a Real Estate Professional, Builder or Banker in Israel or a prospective Buyer or Seller.  If you have some insight into any of this and would like to share that insight or share an opinion, we encourage you to leave your comments here.

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