section_path: Economy/Real estate
section_name: Real estate
paragraph_text: Real estate
  
  Housing prices are listed in the top third of all countries, with an average of 150 salaries required to buy an apartment. As of 2022, there are about 2.7 million properties in Israel, with an annual increase of over 50,000. However, demand for housing exceeds supply, with a shortage of about 200,000 apartments as of 2021. As a result, by 2021 housing prices rose by 5.6%. In 2021, Israelis took a record of NIS 116.1 billion in mortgages, an increase of 50% from 2020.