🗞️ NEWS | Amid Gaza’s ruins, a grim real estate market is taking shape: war-damaged apartments, charred and half-collapsed, are being bought and sold. With 90% of Gaza City’s housing destroyed and towns like Rafah and Beit Hanoun completely wiped out, families are purchasing bombed-out flats—patched with tin or tarps—because it’s still better than tents or endless rent. Sellers need cash to survive or flee, while traders scoop up bargains, betting values will soar if a truce comes. Apartments once worth $40–45k now go for $13–20k. Most deals are paid through banking apps with demand clustered in neighborhoods seen as relatively safer from Israeli incursions and less devastated by bombing—such as Rimal, al-Saraya, and Tel al-Hawa. Buyers avoid towers with bombed floors or high levels without elevators, but even “skeleton” shells find takers. Repair costs are crushing—one cinderblock now sells for 20 shekels. “A concrete roof is better than a tent,” one broker said. 📸Photo: Haitham Imad/EPA Reporting via Ultra Palestine. Full story below.
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