Thanks to the warm climate in this country, most people do not give much thought to the various methods of heating homes in Israel. Since heating isn’t necessary most of the year, the vast majority of Israelis have settled for using the heating mode of their wall-mounted air conditioning units. The last decade has seen...

At the peak of the economic crisis, home prices in Israel are once again increasing. After a few years of hovering around the same rates, trends reveal an increase of more than 2% in the last quarter of 2020. Housing prices in the Jerusalem district, which includes Bet Shemesh, have gone up by 5% in...

The national Tama 38 plan promised large-scale reinforcement that would ensure that all of Israel’s old buildings met earthquake resistance standards. In practice, however, the plan has been implemented for only several thousand out of 150,000 buildings in need of reinforcement, and none of these were in the country’s peripheral regions, despite the fact that...

The Covid crisis has affected the luxury property market in Israel, leading to a significant decrease in the number of homes purchased for more than NIS 10 million in the three main luxury locations in the country: Tel Aviv, Jerusalem, and Herzliya. However, the two most expensive homes in Israel’s history were also bought in...

The government has not yet approved a special budget for Litzman’s affordable housing program, the implementation of which only began recently. Tenders for the construction of 1,800 apartments have already been postponed, and if no solution is found, the building of a total of 11,000 apartments will be postponed. The Director-General of the Ministry of...

As we cautiously look forward to an exit from the Covid crisis, Marc Rosenberg of Nefesh B’Nefesh reports over a 100% increase in Aliyah requests from North American Jewry, despite the fact that this year’s process will be more complex than in the past. The large conferences that the organization usually holds have been moved...

As Israel’s third lockdown continues, house viewings, closings, and everything else that is required toward purchasing a home is more complicated than ever. Despite this, English-speaking agents around the country have reported multiple real estate deals that have closed in Israel since the beginning of the new year. Follow Mabat Ha’Shuk to get a glimpse...

While for a long time, developers avoided building small homes, within just a few short years, the rate of new 2-room apartments being constructed has more than tripled. Today, the small apartment has become a sought-after product among investors. An analysis conducted by the Real Estate Appraisers Association in Israel found that the Return on...

It may be hard to believe, but from March to November 2020, there was a 17.5% jump in the number of new apartments sold in Israel, compared to the corresponding period in 2019. This surprising statistic is partly driven by a significant increase in apartments purchased for investment purposes. As a result of the steep...

The dollar-shekel rate reached a historic low last week. Most foreigners automatically assume that this will make it more difficult to buy a home in Israel, yet there are several ways to reduce the impact of the exchange rate on a property purchase. Those who buy a new property now can pay just 20% of...