Financing Restrictions Crash New Construction Market: April Sales Drop 43%
The new construction market took a sharp hit in April, following the Bank of Israel’s new restrictions on financing perks offered by developers. According to...
Category: Market News
Advanced Negotiations Between JNF and Barnett: 500 Dunams of Jerusalem Land, Worth Billions, to Be Transferred Immediately
According to a Calcalist report, JNF is in advanced negotiations with American real estate tycoon Gary Barnett over a proposed agreement that would see the...
Gindi’s New Project in Sde Dov Could Reshape Tel Aviv’s Luxury Market
Gindi Holdings has launched a bold new residential project in Tel Aviv’s Sde Dov neighborhood, offering luxury apartments starting at NIS 49,000 per square meter,...
Labor Ministry: Still a Shortage of 28,000 Workers in the Construction Industry; Incentives for Israelis Did Not Help
According to the section on construction workers in Israel’s forthcoming 2024 Employment Report, government efforts—including the recruitment of foreign labor and incentives for Israelis entering...
Record-High Earnings: Israeli Real Estate Agents Income Soars Nearly 19% in One Month
According to data from the Central Bureau of Statistics (CBS), the average salary in the “Real Estate Activities” sector—which includes brokers and real estate agents...
Delays, Disruption, and Densification: What’s Really Happening with the Tel Aviv Metro?
The long-awaited Tel Aviv Metro — Israel’s most ambitious transportation project — is facing major delays, with the opening date now pushed back to at...
Israel Greenlights Two New Communities in the Galilee — A Bold Step to Strengthen the North
In a landmark decision, the Israeli government has approved two new communities in the Galilee region, marking a rare and strategic expansion within sovereign Israeli...
The Open Quarter in Eilat: An Urban Renewal Vision That Will Transform the City
How does an old industrial zone become a city’s growth engine? A bold urban renewal plan in Eilat is transforming 735 dunams of outdated industrial...
Foreign Jews and Investors Boosted Israel’s Property Taxes in 2024
After a dramatic slowdown in Israel’s property market in 2023 — driven by rising interest rates and the Iron Swords War — new data from...
Bank of Israel Holds Interest Rate Steady Amid Inflation Concerns and Geopolitical Uncertainty
The Bank of Israel has decided to keep its benchmark interest rate steady at 4.5% for the 11th consecutive time. Despite steady economic growth, rising...