Three-room apartment starts rose to 2,726 in 2011 from 1,914 in 2010 according to figures released from the Central Bureau of Statistics
The largest change in housing starts for small apartments was in Haifa, with a 170% increase, from 34 apartments in 2010 to 92 in 2011. In Jerusalem, it rose 138% from 115 in 2010 to 274 in 2011 and In Tel Aviv, it rose almost 50% to 660 apartments in 2011( from 442 in 2010)
The idea of building smaller apartments is to comply with the heavy demand by first home buyers and to make them more affordable.
Wednesday, May 9, 2012
IMF stress tests find Israeli banks sound
In the event of the collapse of the largest borrower group, banks would
lose 8.5-12.6% of their core capital - i.e. NIS 6-9 billion.
The Bank of Israel published the results of the stress tests conducted by
the International Monetary fund (IMF) on Israel's banking system.
The tests found that Israel's banks are stable and in good shape to
withstand shocks.
lose 8.5-12.6% of their core capital - i.e. NIS 6-9 billion.
The Bank of Israel published the results of the stress tests conducted by
the International Monetary fund (IMF) on Israel's banking system.
The tests found that Israel's banks are stable and in good shape to
withstand shocks.
Israel Real Estate Market
Israel world's third hottest real estate market behind China and Hong Kong on 5 year home price rises despite a 1.2% fall in 2011
After an interest rate cut from 3.25% to 2.5% last February, there appears to be resurgence in property demand, with new mortgages issued by banks jumping by more than 14% in March compared to the two pervious months.
After an interest rate cut from 3.25% to 2.5% last February, there appears to be resurgence in property demand, with new mortgages issued by banks jumping by more than 14% in March compared to the two pervious months.
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