The contractors who became billionaires thanks to rising housing prices

With the sharp increase in housing prices in Israel in recent years, the owners of the development companies in Tel Aviv have seen a surge in profits and the value of their holdings. As a result, controlling shareholders in 10 of the leading companies hold shares with a combined value of approximately NIS 16 billion "on paper." Also: What led to the decline in real estate stocks since the beginning of this year, and what is expected in the indus…