Gaza Real Estate Crisis Forces Professionals to Convert Tents into Offices
Since the outbreak of the conflict between Israel and Hamas in October 2023, widespread destruction of offices, clinics, and shops in the Gaza Strip has led to a severe real estate crisis for local professionals. Many doctors, engineers, accountants, and teachers have been forced to convert tents into temporary workplaces to make a living and continue providing services. According to data from the Palestinian Central Bureau of Statistics, over four-fifths of buildings in Gaza have been damaged or destroyed since 2023, causing rents to skyrocket to more than ten times pre-war levels, making them unaffordable for many.
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Disclaimer: This content reflects the author's personal views only and does not constitute investment advice.
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