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Jerusalem Post
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Business & Innovation
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Israel Real Estate
Ghost apartments: How empty homes haunt Jerusalem's housing landscape
The term “ghost apartments” remain unoccupied for extended periods, often year-round. This is how they profoundly impact the housing market in Israel's capital.
A view of the luxury apartments and tall buildings in downtown Jerusalem, on October 27, 2015. Most of the luxury apartments are owned by foreign residents or by Israelis who use them as vacation homes. The city with the largest number of phantom apartments is Jerusalem.
(photo credit:
LIOR MIZRAHI/FLASH90
)
By
ALEX WINSTON
MAY 4, 2024 13:32
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