“The researchers concluded that while the Covid pandemic did not result in a revolution in the real estate market, it did cause certain changes in the preferences of homebuyers, which was expressed in geographical preference and a change in the composition of the size of apartments sought and the density of housing in the neighborhoods in which the homes were sought.
“In geographical terms, the researchers found that there was a rise in demand for apartments located within a radius of 30-60 kilometers from Tel Aviv. These areas include Hadera, Netanya, Ashkelon and Modi’in. The level of demand for these cities grew 20% after the outbreak of Covid. If before the Covid pandemic, these areas represented 20% of the market, after the outbreak of the virus their market share rose to 24%. Meanwhile in areas closer to Tel Aviv there was a 9% decline in the level of apartments purchased. In Tel Aviv itself and cities bordering it, the level of the deals remained unchanged at about 24% of the entire market.”
Read the Globes article: https://en.globes.co.il/en/article-buyers-preferring-larger-homes-further-from-tel-aviv-study-1001376677
