In an extensive interview with The Marker, Dan France, CEO of Carasso Real Estate, addressed the question of the state of the Israeli housing market and claimed that the apparent decline in prices does not reflect a real decline: "There are not so many price declines - just as there were no real increases last year." According to him, the changes that are evident in the market stem mainly from financing tools of construction companies and political uncertainty, and not from a structural correction in demand or supply.
Parnas presents an optimistic long-term position: In Israel, he says, there is a real structural shortage of apartments, with the estimated demand standing at about 70,000 households per year compared to a planned supply of about 50,000 housing units. This gap, along with demographic growth, he says, ensures continued demand in the coming years.
In the interview, Parnes also referred to the company's main projects: a large-scale urban renewal project in Sderot, and the tower project on Rival Street in Tel Aviv, which was approved in May 2025 and symbolizes the generational change that is taking place in the real estate sector in Israel.
A strategic point emphasized by Parnes: Carasso Real Estate does not invest equity in "combination" transactions and receives assets in exchange for land, an approach that has maintained the company's financial health even during periods of market weakness. (Photo: Eyal Tuag)
Hadar Horesh's full interview was published in The Marker .
