In this video interview to BizPortal discussing real estate values decreasing based on the Housing and Construction Ministers plans to release lands and build apartments, Tamir Dagan, director of Shikun U'Binuy Nadlan says that in his opinion building 2000 apartments in bet Shemesh will have no real affect on the real estate market and will not bring down prices.

It might help, he says, slow down slightly the price increase, but he says overall 2000 apartments in the Israeli periphery will not affect the general market.

Being that even in the peripheral city of Bet Shemesh there is an unusual demand (unusual for a peripheral city) for apartments, I would venture to say it will not even bring down prices of the local market. 2000 apartments is just not enough to make a serious enough dent in the demand. Sure, they might sell cheap apartments, but they will not be cheap because of real estate values, but because they will be building lower end apartments - small, lower quality, etc.

I am no expert in the real estate market, but that is how it looks to me. What do you think?