Apartment prices continue to rise in Israel

The Central Bureau of Statistics in Israel, is reporting that apartment prices rose 1.6% in January. 
 
The rise in apartment prices in January followed the 1% rise in December 2009 and the 3.5% jump in November. Apartment prices have been rising steadily since January 2009; the last monthly drop was in December 2008. Apartment prices have [...]

20 Story Residential Tower to be built near Tel Aviv port

A group of landowners at the southern entrance to the Tel Aviv port are planning a 20-story residential high-rise for the six-dunam site between Hayarkon Street, Yordei Hasira Street, Kaf-Gimmel Street, and the port’s Zion Gate.
The 14,000-square meter high rise will have 90 apartments. The project will also include a 7,000-square meter hotel complex in [...]

Anglo-Saxon CEO expects prices and demand to remain stable in 2010

Holding their first press Conference, since Ronen Sheetrit acquired the Anglo-Saxon Real Estate franchise from Africa-Israel, Anglo-Saxon CEO Adina Haham said she expects apartment prices and demand to remain stable in 2010. 
Haham also said that within the Anglo-Saxon franchise there was a 10% increase in the number of apartments bought for investment in 2008-2009.  She [...]

Basel Hotel in Tel Aviv to give way to unique Luxury Project

The Basel Hotel, which is at 156 Hayarkon Street in Tel Aviv, built before hotels existed along the coastline will be demolished in a couple of years and replaced with a four-story boutique hotel with three additional floors that will contain six luxury apartments measuring approximately 500 sq meters apiece.  The six apartments, will each [...]

Foreign Residents buy NIS 4.3 Billion in Israel Real Estate in 2009

According to a Ministry of Finance survey on real estate, foreign residents bought 2,800 apartments in Israel in 2009, 13% fewer apartments than in 2008.
The drop was much smaller than the 33% drop between 2008 and 2007 which resulted from the global economic crisis.
Non-Israelis purchased NIS 4.3 billion worth of properties in 2009, 20% of [...]

A few highlights of the 2009 Israel Real Estate Market

Probably the most surprising story and news for 2009, was how well the Real Estate Market in Israel performed considering the global recession we have been weathering.  Various global reporting bodies highlighted that Israel was one of the best performing markets in 2009. 
Here are some highlights of specific cities in Israel and how they performed [...]

Number of Olim up 17% over 2008

Jewish Agency Chairman, Natan Sharansky announced on Sunday that the number of new immigrants to Israel was up 17%, he also announced a new “red carpet policy” to help new immigrants upon their arrival in the country.
Including four more flights expected in the next two days from Europe, South Africa and North America, the number [...]

Judaize the Negev and the Galilee

That was Deputy Foreign Minister Danny Ayalon’s suggestion at a Conference in the Knesset this past Tuesday entitled, “The Realization of Zionism: Strengthening the Periphery.”
Ayalon said he came up with the idea after he conducted visits to the Galilee and the Negev. “I was amazed to see that we are losing the Negev and the [...]

Recent apartment sales in Tel Aviv area

According to an article at Globes online, by Einat Paz-Frankel, some recent Tel Aviv apartment sales include the ones mentioned below.   The article quotes the actual selling prices, but we have translated those sales figures to price per sq meter, which is a bit more helpful to buyers trying to get a grasp on current [...]

Jerusalem Mayor asks foreign residents to rent their apartments to locals

Jerusalem Mayor Nir Barkat recently sent a letter to foreign owners of Jerusalem apartments asking them to consider renting their apartments out to young Jerusalem families and students when the owners are not using their apartments.
According to an article today at the Arutz Sheva website, the Mayor stressed in his letter the tremendous contribution the [...]

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