The slowdown in Tel Aviv's residential real estate market is becoming more pronounced, with developers experiencing a significant drop in sales. Acro, a major developer in the city, managed to sell only 11 apartments in the second quarter, a sharp decline from 98 during the same period last year. MyTown, another developer focused on Tel Aviv, failed to sell a single apartment recently, highlighting the severity of the downturn. Industry leaders warn that developers without projects outside Tel Aviv could face a major crisis if the trend continues.

Original article source: https://www.ynetnews.com/real-estate/article/rybnhie5eg
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