Real Estate News - Page 2

Initial permits have been granted by the Haifa municipality for the construction of over 500 apartments in the new Naot Navon neighborhood. An office and industrial complex in Airport City was sold for 60 million shekels. Additionally, about 2,800 residential units were

The prestigious Shde Dov district, planned for northern Tel Aviv, is making progress with the recent announcement of land purchases by Y.H. Dimri. This project, located on the former site of Shde Dov Airport, plans the construction of 16,000 housing units for

The recent reform in Israel allows developers to obtain construction permits directly from the national planning authority, bypassing prolonged local committee delays. This law aims to significantly reduce wait times, currently up to three years, for obtaining a building permit. It applies

The Israeli real estate market is showing signs of recovery despite economic and geopolitical challenges. This positive trend is driven by several factors, even in a period of high-interest rates and ongoing conflicts. Factors of Recovery: Housing Need: Israelis prefer purchasing properties

Current Situation: After a temporary decline, housing prices in Israel have risen by 4.4% over the past five months. Key Factors: Supply and Demand: A persistent imbalance between high demand and limited new housing supply continues to drive prices up. Economic Conditions:

In May 2024, the Israeli real estate market reached a milestone with the average mortgage amount surpassing one million shekels for the first time since 2022. This increase results from a complex economic and geopolitical environment, where rising housing prices and resilient

In recent months, Israel’s residential real estate market has undergone significant changes, largely due to 20/80 financing offers. These innovative offers, where buyers pay 20% upfront and the remaining 80% upon receiving the property, have stimulated sales and altered the buyer demographic.