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Story summary
- Israel has pursued a long-term rental market for over a decade, but progress is stalled by financing issues.
- Developers face high equity requirements and low rental yields, making projects economically unviable.
- Only a few thousand rental units have been built from tens of thousands marketed.
- Michlol Financing established a 400 million NIS fund to bridge the financing gap and support developers.
- The fund underscores the need for a stable financial infrastructure.
