Israel Real Estate
Israeli government will compensate for construction freeze losses in Judea and Samaria
Posted on 10. Mar, 2010 by Buy-It In Israel Staff.
The government of Israel is planning to compensate builders, residents and homeowners who have been financially affected by the real estate construction freeze in Judea and Samaria. On November 25th, Israel issued a decision on a freeze of construction permits in Judea and Samaria for a period of 10 months. Apart from the political ramifications, [...]
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Exclusive discounts of up to NIS 2 million for penthouse apartments in Tel Aviv and Ramat Gan
Posted on 08. Mar, 2010 by buyitinisrael.
An established and reputable Israel real estate group is embarking on a special discount month to promote the sale of penthouse apartments at their four luxurious residential projects located in Tel Aviv and Ramat Gan. The group announced on Sunday a special promotion of exclusive discounts saving up to NIS 2 million on penthouse apartments. Special sale discounts will last until end of March.
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Groups of people buying from kablanim to replace purchasing groups
Posted on 02. Mar, 2010 by buyitinisrael.
A new trend in the Israel real estate market is expected to gain momentum this year as new regulation and conditions for independent purchasing groups of land are being tightened by Israeli government authorities.
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Israel ranked third in world’s housing markets
Posted on 02. Mar, 2010 by buyitinisrael.
Although 2009 was a weak year for the world’s housing markets, it nevertheless ended with most countries on track for recovery. While North America and Europe remain in varying degrees of market hardship, Israel has the world’s third strongest housing market according to the “Global Property Guide”.
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Tel Aviv plans affordable housing program
Posted on 02. Mar, 2010 by buyitinisrael.
The Tel Aviv-Jaffa city council is due to approve at a special meeting today criteria for establishing affordable housing projects in the city, on the basis of a report by councilman Arnon Giladi. Mayor Ron Huldai set up the Giladi committee during his first term as mayor. The plan proposes 80-sq.m. apartments for eligible young couples with children, at a cost up to NIS 420,000.
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Market Update: Demand, sales of new apartments in Israel rises in January
Posted on 26. Feb, 2010 by Buy-It In Israel Staff.
Demand for new homes in Israel January this year rose by 15 percent, while sales of new apartments increased by 9 percent, according to figures published by Israel’s Central Bureau of Statistics. In January the demand for apartments stood at 2,770 housing units out of which 1,390 new apartments were sold to the general public and 1,380 apartments were in construction not for purposes of sales including projects of buyers groups and rental housing. The demand for new apartments figure is calculated by adding the number of new apartments sold and the number of new building starts.
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Israel introduces new bank loan regulations for purchasing groups.
Posted on 26. Feb, 2010 by Buy-It In Israel Staff.
New regulations for the provision of loans to purchasing groups buying land for the construction of new homes in Israel are expected to weigh on the buyers groups’ ability to get cheap lending. Israel’s Banking Supervisor has sent a letter to the country’s banks ordering them to tighten credit to purchasing groups in a way, which reflects the true risk inherent in their business.
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Housing Ministry to market 2,000 Tiberias homes
Posted on 25. Feb, 2010 by buyitinisrael.
The Ministry of Housing and Construction and the Israel Land Administration (ILA) will shortly market more than 2,000 homes in Tiberias, after selling very few lots zoned for high-density housing in the past ten years.
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New neighborhood to be built in Pardesiya, near Netanya
Posted on 24. Feb, 2010 by Buy-It In Israel Staff.
The local council of Pardesiya together with the Israel Land Administration is advancing a project to build a new residential neighborhood in the Sharon region for the construction of 930 housing units. The new neighborhood will be established north of Pardesiya located 5 kilometres east of Netanya.
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Mishkan Home Buyers Index drops 1.6% in January as prices continue to rise
Posted on 19. Feb, 2010 by Buy-It In Israel Staff.
Financial conditions for home buyers worsened in January as house prices are continuing to rise and mortgages are becoming more expensive, according to Bank Hapoalim’s Mishkan Home Buyers Index. The Mishkan Home Buyers Index, which monitors the financial conditions affecting home buyers in Israel, dropped by 2.2 points falling to 138.1 points in January, representing a decline of 1.6 percent.
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Israeli government allocates NIS 230 million this year to assist immigrant homebuyers and other special groups
Posted on 18. Feb, 2010 by Buy-It In Israel Staff.
The Israeli Housing and Construction Ministry together with the Finance Ministry this week extended the government’s housing assistance and benefit package for 2010 allocated to special groups of the population including new immigrants, residents living along the confrontation lines and other minority groups. The government said it will allocate a budget of NIS 230 million in 2010 for the provision of grants and benefits in housing.
