For Young Israeli Couples, Sky-high Prices Make Home Ownership a Distant Dream

Exorbitant prices put houses in central Israel out of reach for most Generation Xers, forcing couples to rent or live with their parents.

Housing prices in Israel have been levelling off in recent months, but are plateauing at a level far beyond the reach of many buyers. In most places, homes cost over 1 million shekels ($286,861). In out-of-the-way places, builders enthusiastically place ads for homes being built for 800,000 shekels, but they would have cost half that amount a few short years ago. On top of the high...