Full restaurants, booming retail and traffic jams herald recovery for Israel – The Property Chronicle
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Full restaurants, booming retail and traffic jams herald recovery for Israel

The Analyst

The pandemic took its toll on the population of Israel. The country is viewed by commentators as having come out of lockdown too early in the summer and as a result going back into lockdown around the end of the year due to the spike in the number of people catching one of the many covid variants. This naturally challenged the political, societal and business environments as well as the individual Israeli.

How then to recover from the billions of dollars lost from the economy, how to show others the right path out of the terrible crisis of the past 12 months? The answer, in line with the recognised expertise Israel has as a technological and biotech leader, was to embrace and implement a rigorous vaccination programme.

Israel has performed phenomenally well with regard to the number of vaccinations. By the end of March, 70% will have been vaccinated or have recovered from the virus. The Pfizer vaccine has been proven to offer 95% protection, and in an aim to create true herd immunity Israel will shortly start to vaccinate those under 16 years of age.

Those occupiers or investors looking for bargains will need to be swift in their planning. Demand is increasing, viewings growing, and bidding is strong






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