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REAL ESTATE

Tel Aviv credit: Shutterstock Office rents in Israel stay firm - for now

Despite excess supply and falling demand, property owners are reluctant to lower prices.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Holon, Modi'in, Caesarea, Zichron Yaakov, Yokneam Illit and Beesheva.

Old Shaarei Zedek Hospital Jerusalem credit: Wikipedia Organized buyers snap up small Jerusalem apartments

53 two-room apartments averaging 49 square meters in size at an average price of NIS 3.297 million have been bought in Midtown Jerusalem.

Israel Canada Sde Dov project credit: Company presentation Israel Canada has sold 120 Sde Dov apartments

The company reports it has signed 120 contracts for apartments in Tel Aviv's Sde Dov worth an overall NIS 931 million out of the 480 apartments it is building.

Mortgage taking  credit: Tali Bogdansky Mortgage market shows signs of revival

The banks see mortgage lending totaling NIS 5-5.5 billion this month and next, assuming that the war does not escalate.

Tel Aviv credit: Shutterstock Housing deals plunge in Tel Aviv since start of war

More homes have been sold in Beersheva than in Tel Aviv since October 7th but the decline is not because of the war.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Hadera, Upper Galilee, and Kiryat Motzkin.

Tel Aviv credit: Shutterstock War pushes Tel Aviv rents down sharply

A few months ago, new apartments for rent on the market were snapped up, but real estate brokers now report that landlords must cut rents.

Hanan Mor credit Eyal Izhar Real estate co Hanan Mor files for stay-of-proceedings

The request to the Tel Aviv District Court reveals that the company has run up heavy debts of NIS 2.7 billion.

Bank Hapoalim CEO Dov Kotler  credit: Eyal Izhar Bank Hapoalim sees home price fall accelerating

The bank has raised its assessment of risk in the construction and real estate sector, and says prices are falling faster than official figures indicate.

Givatayim urban renewal project Ben Gurion Street credit: Barre Levie Dayan architects Givatayim approves 4,000-home urban renewal plan

The large urban renewal high-rise plan is on the city's eastern border with Ramat Gan.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Efrat, Bat Yam, Kiryat Shmona, Nahariya, and Kiryat Bialik.

Paris protest against anti-Semitism November 2023  credit: Brett Kline Israeli real estate developers prepare for wave of immigration

With anti-Semitic incidents soaring in Western Europe and North America, the Jewish Agency reports interest rising in immigrating to Israel.

Inflation  credit: Tali Bogdanovsky October CPI reading shows inflation falling

Last month's Consumer Price Index was in line with expectations while housing prices ended five consecutive months of declines.

New construction in Rishon Lezion Credit: Shutterstock Few real estate deals since start of war

Israel's real estate market, already in a slowdown, has ground to a halt, but companies are confident sales are set to resume.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Tel Aviv, Or Yehuda, Alfei Menashe, Yavne, Gan Yavne and Beersheva.

New Gaza border town approval upsets Netivot

Hanon will have 500 housing units and 1,800 residents.

Adam Neumann  credit: Shutterstock Adam Neumann: WeWork's bankruptcy disappointing

The WeWork co-founder believes that the shared workspace company's restructuring can succeed "with a suitable team and the right strategy."

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Shoham, Kiryat Haim, Kiryat Shmona, Ashkelon, Gaza border region, and Mitzpe Ramon.

WeWork credit: Shutterstock WeWork plans to file for bankruptcy - report

According to a report in "The Wall Street Journal", the loss-making shared workspace company intends to file a petition in New Jersey next week.

Makhne Yehuda market credit: Shutterstock Jerusalem untangles the red tape for developers

Jerusalem Municipality has reduced bureaucratic obstacles and sped up planning procedures to support developers.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Bat Yam, Rehovot, Ashdod, Harish, Nahariya, and Kiryat Malakhi.

64 Rothschild Boulevard Tel Aviv Rothschild Blvd house sold for NIS 77.2m

Built in 1926 in the eclectic style, the house, which has a preservation order, was sold to a couple who divide their time between Tel Aviv and London.

Timna copper mine credit: Oren Eldar from the Cloud-to-Ground Exhibition, the Israel Pavilion at the 2023 Venice Architecture Biennale Israel's biggest data center planned for disused Timna mine

A tender has been issued for an underground data center in the former copper mine near Eilat, powered by a solar park above.

Azrieli Center credit: Tali Bogdansky Arnon, Tadmor-Levy leases 3 more floors in Azrieli Center

The law firm, which is replacing IBM, has also extended its lease for 10,600 square meters in the round Azrieli Tower for another 10 years.

Beersheva's Calaniot neighborhood credit: Diego Mittelberg Israel house and garden prices continue to rise

Houses with gardens are a section of the Israeli real estate market that are not in the doldrums.

Israeli apartments Photo: Shutterstock Apartments sold and rented

A selection of recent real estate deals in Israel including in Jerusalem, Tel Aviv Herzliya, Modi'in and Haifa.

Rents continue to rise credit: Tali Bogdansky No end in sight for apartment rent rises

Housing rents in Israel have climbed 10.2% since the start of 2022, the Central Bureau of Statistics reports, but rises vary from city to city.

Building site in Israel  credit: Shutterstock Building starts in Israel slump to three-year low

The number of housing building starts in Israel in the second quarter of 2023 was the lowest since the Covid lockdown in 2020, Central Bureau of Statistics reports.

Tel Aviv credit: Shutterstock UBS: Tel Aviv housing market overvalued but not bubble risk

The UBS Global Real Estate Bubble Index 2023 says that rising inflation and interest rates have led to a sharp decline in imbalances in Tel Aviv's housing market.

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