Israel’s military triumphs strengthen own realty sector

This picture, without a shred of doubt, is contrary to the belief. We, at the moment, are dealing with Israel but more with its successes, instead of anguishes as usual. The whole of Jewish republic in southwestern Asia at eastern end of Mediterranean, at present, is enjoying a housing boom and the sole credit, in this context, goes to its political leadership. How? If you recall whilst Israel launched a massive offensive in the Gaza Strip a year ago, political leaders said the primary objective was to quench cross-border rocket fire against villages in southern Israel.

What is the current situation then? Well, all tensions have dissolved almost as the military mission has largely been accomplished. It must be taken into consideration that launches of short-range Qassam rockets plummeted 90 percent to a decade low in 2009. All these positive developments have stimulated the country-wide realty sector and there has been a upsurge in demand for homes in a region that people had been fleeing. There is hardly any doubt that most of Gaza remains in ruins thus far. Nonetheless, improved interest in real estate in Sderot, the main target of the Qassam rockets, has pushed home values up by as much as a 30 percent.

A sense of optimism is being witnessed in the kibbutz, or farming collectives, around Gaza, as well. On the word of leading real estate marketing executives in the region, sales of new homes have tripled while prices have risen 15 percent. As per the majority of them, the situation has changed drastically by now and the role played by improved security conditions, in this regard, can’t be belittled.

Is this the beginning of a new era? We surely would love to envisage in this way but some fears still continue to torment Israelis and according to the beliefs of majority, a new, worse flare-up is only a matter of time. If recent Israeli army intelligence assessments are relied upon, Hamas is learning the lessons of the war and stocking hundreds of missiles in preparation for another round of fighting.

But surely Israel is steadfast and this defiant attitude is being expressed through each aspect, the buoyant Israeli realty sector is one. Truly, it is unlike India, the Asian giant, mostly susceptible to terror strikes and getting lost in political squabbles bit by bit.