Category: Market News

October was a busy month in the real estate business — with the holidays behind us, the winter on its way, and little sign of Corona. As home prices continue to rise and purchase tax was expected to be increased for investors, buyers scrambled to close deals. The following is a selection of real estate...

Data recently published by the Ministry of Finance indicates that despite a very high price level, Tel Aviv is the capital city in Israel for investment buyers. Next up are Haifa and Jerusalem, followed by Bat Yam in fourth place – to everyone’s surprise. Ashkelon, Eilat, and Harish also ranked high on the list. This...

According to data recently published by the Central Bureau of Statistics (CBS), Israel housing prices rose by 6% in just six months. The areas that experienced the sharpest jump are Jerusalem (10.7% per year) and the cities of central Israel (10.5%). Market sources estimate that this trend may lead to a long-term shift in the...

The month of September came and went like flash lightning. After an unusual summer with little international travel, few incoming tourists, and many parents homebound with quarantined children, most kids went back to school only for a few days before the high holidays arrived, almost unexpectedly. There was little energy to view properties and little...

The state issued the first land tender for the new neighborhood which will be built on the grounds of the former Sde Dov Airport near the beach in North Tel Aviv. Developers paid a record NIS 4.4 billion – close to around NIS 3 million just for the land on which each apartment will be...

Last month was not the typical August in Israel: Tourist levels were at an all-time low, infection levels hit record highs, Israeli travellers spent days on end in quarantine upon return from abroad, and families with young children were forced to test regularly and limit their activities. As we enter the Holiday season, we mourn...

In a record high, about 20% of the 31,000 apartments purchased in Israel in the first quarter of 2021 were purchased by investors. An analysis by the Ministry of Finance indicates that almost 40% of real estate investors are public employees, 17% work in the finance industry, and only 11% in hi-tech. While there was...

As the Delta variant rages across the world, the Government has scrambled to slow down the spread of the virus in Israel using various means: Visitors from numerous countries have been banned; passengers from many places have been forced to quarantine upon arrival, even when fully vaccinated; and an aggressive campaign to give all 60-year...

The Israeli housing market continues to break records. During May alone, an all-time high of more than 5,300 new apartments were purchased. As demand for apartments in Israel has continuously climbed, real estate prices skyrocketed by 7.2% over the past year, and the rate of increase shows absolutely no signs of slowing down.  According to...

June was a month that saw the aftermath of a major miltary operation, a change of government and a taste of Corona-free life in Israel. Historically, one of the busiest months for real estate deals as homebuyers seeks to move during the summer months, June of this year was no different. The following is a...