Wednesday, November 28, 2012
The Lowest Shopping Center in the World
International real estate firm Bercleys today unveiled its plan to build a new mall in the area of the Dead Sea hotels at Ein Bokek. The single-story 10,000-square meter shopping center will cost NIS 200 million to build.
Wednesday, November 14, 2012
Investors stormed the apartments in the periphery
The real estate investments in August rose to 24% after the three previous months that stabilized at 23%. Preliminary data for September shows a further increase close to 26%. Due to a sharp increase of 20% for investors in Haifa, Tel Aviv area stands out with a sharp decline of 24% in the number of apartments purchased for investment in August.
Wednesday, May 9, 2012
Starts on small apartments up 42% in 2011
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.
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.
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.
Sunday, March 25, 2012
Home prices rebound
The Central Bureau of Statistics reports that home prices rose 0.6% in December 2011 compared to the previous month (based on the home price index).
At the end of the third quarter of 2011, the price of an average Israeli home (excluding new homes) stood at NIS 1.08 million
At the end of the third quarter of 2011, the price of an average Israeli home (excluding new homes) stood at NIS 1.08 million
Tuesday, March 20, 2012
How much costs to buy a house?
Home prices double OECD average in salary terms
Israelis need 191 average salaries to buy a five-room apartment, double the
OECD average of 96 monthly salaries.
90 salaries are needed to buy an apartment in France,
71 salaries are needed in the UK,
60 salaries in the US,
54 salaries in Germany,
30 salaries in Sweden.
In Israel, 138 salaries are needed to buy a four-room apartment, and 91
salaries are needed to buy a three-room apartment
Israelis need 191 average salaries to buy a five-room apartment, double the
OECD average of 96 monthly salaries.
90 salaries are needed to buy an apartment in France,
71 salaries are needed in the UK,
60 salaries in the US,
54 salaries in Germany,
30 salaries in Sweden.
In Israel, 138 salaries are needed to buy a four-room apartment, and 91
salaries are needed to buy a three-room apartment
Subscribe to:
Posts (Atom)