In response to the question of what will happen to apartment prices,Shuki
Burshstein does not have a clear-cut answer,"It is extremely difficult to
say what will happen in the future, since on the one hand we are in the
midst of a global crisis that is harming the Israeli economy, and growth has
slowed, but on the other hand, there is natural population growth, and
people have a real need for a place to live. How will this balance out? I
cannot estimate." It has been claimed that there will be fewer housing starts due to
contractors' inability to get easy finance , and that eventually prices will
once again rise.
Showing posts with label housing prices. Show all posts
Showing posts with label housing prices. Show all posts
Thursday, March 15, 2012
Monday, October 11, 2010
Despite the rise in housing prices, contractors are in no rush to build.
Despite the rise in housing prices and belying repeated promises by Minister of Housing and Construction Ariel Atias that he is going to flood the housing market, contractors are in no rush to build.
The Central Bureau of Statistics reported that building starts fell in the second quarter of 2010.
Housing starts had risen in the first quarter of 2010 but this was the only such rise in the past seven quarters.
There were 8,959 building starts in the second quarter of 2010, 5.5% down from the preceding quarter
The Central Bureau of Statistics reported that building starts fell in the second quarter of 2010.
Housing starts had risen in the first quarter of 2010 but this was the only such rise in the past seven quarters.
There were 8,959 building starts in the second quarter of 2010, 5.5% down from the preceding quarter
Thursday, June 24, 2010
Government assitance to young couples and 1st time home buyers
The Housing Minister is proposing to the Knesset to introduce a cut on VAT (value added tax) currently 16% and a 20% mortgage refund over a 20 year span to young couples and 1st home buyers in the periphery.
Although the above measures will help the weakest sector of the population acquire their 1st home it does not provide a full solution to the continued increases in house prices mainly due to the fact that land prices sold by the Israel Lands authority to contractors remain very high whilst housing starts are very low compared to the actual demand.
Although the above measures will help the weakest sector of the population acquire their 1st home it does not provide a full solution to the continued increases in house prices mainly due to the fact that land prices sold by the Israel Lands authority to contractors remain very high whilst housing starts are very low compared to the actual demand.
Monday, January 11, 2010
Update on prices in Ramat Bet Shemesh A,etc
4 room apartments in RBS have already passed the NIS 900,000 mark and are now selling in the range of NIS930K-NIS960K
3 room apartments are selling for NIS 800k to NIS 830K whilst 5 rooms go for NIS1,300K to NIS 1,350k, an increase of 10 to 12% over 2008.
In the Sheinfeld neighbourhood prices tend to be similar to that of RBS A , except for the older buildings (about 20 years of age) there prices can be 5 to 10% less
In the old Bet Shemesh, prices rose over the las 2 years by about 35%, today a 3 room apt can be had for around half a million Shekalim (2 years ago the same
apartment was sold for NIS 370,000)
3 room apartments are selling for NIS 800k to NIS 830K whilst 5 rooms go for NIS1,300K to NIS 1,350k, an increase of 10 to 12% over 2008.
In the Sheinfeld neighbourhood prices tend to be similar to that of RBS A , except for the older buildings (about 20 years of age) there prices can be 5 to 10% less
In the old Bet Shemesh, prices rose over the las 2 years by about 35%, today a 3 room apt can be had for around half a million Shekalim (2 years ago the same
apartment was sold for NIS 370,000)
Tuesday, December 29, 2009
Housing prices continue to rise
The Central Bureau of Statistics in Israel's(CBS) data shows that since the beginning of the year home prices have jumped 15%.
Home prices rose 2.2% in October. This followed a rise of 1.5% in September, and 2.4% in August.
CBS data shows that since the beginning of the year home prices have jumped 15%. Since May of 2007, when a trend of prices rises began, home prices have risen 32.2%.
Home prices rose 2.2% in October. This followed a rise of 1.5% in September, and 2.4% in August.
CBS data shows that since the beginning of the year home prices have jumped 15%. Since May of 2007, when a trend of prices rises began, home prices have risen 32.2%.
Sunday, August 30, 2009
Israeli home price rises fastest in world
The second quarter survey by "Global Property Guide" indicates signs of recovery in some residential real estate markets around the world.
The survey found that housing prices in Israel were 8.4% higher in the second quarter of 2009 than in the corresponding quarter of 2008 - the highest growth in any market in the survey.
Housing prices rose in the second quarter in seven countries where they had fallen in 2008: an increase of 3.73% in Australia whilst in New Zealand by 3.31%
Other countries with increases are:China, Portugal, France, Sweden, and Hong Kong .
Housing prices in most markets were still lower in the second quarter than in the corresponding quarter, indicating that the crisis in the global residential real estate market is not yet over.
The survey found that housing prices in Israel were 8.4% higher in the second quarter of 2009 than in the corresponding quarter of 2008 - the highest growth in any market in the survey.
Housing prices rose in the second quarter in seven countries where they had fallen in 2008: an increase of 3.73% in Australia whilst in New Zealand by 3.31%
Other countries with increases are:China, Portugal, France, Sweden, and Hong Kong .
Housing prices in most markets were still lower in the second quarter than in the corresponding quarter, indicating that the crisis in the global residential real estate market is not yet over.
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