Israel Real Estate News

Joanna Stromze explores the streets of Tel Aviv while discovering the best real estate deals

2011-11-30T11:20:00.000+02:00

With Tel Aviv’s population increasing rapidly, the ‘Garden City’ grew quickly throughout the 1930′s and 40′s. With its lovely white Bauhaus buildings (designed by German immigrants), the Old North’s unique urban architecture was recognized by UNESCO and declared as a world heritage site.

Its main streets are easily recognizable – Dizengoff, Ben Yehuda, Nordau Blvd., Jabotinsky, Arlozorov, Ben Gurion Blvd. and Gordon; with Ibn Gvirol to the east, the HaYarkon river to the north, the shoreline to the west and Frishman to the south.

The streets of the old north are vibrant and exciting, filled with young professionals, couples and families. This northern neighborhood has the best of what Tel Aviv has to offer; cafés, restaurants, bars, night life, and beaches (like the famous Mezizim beach) and of course shopping. Yet despite all the activity, it remains a quiet, family-friendly neighborhood.

Sea of Galilee - Hotel Land for sale in the West-North Sea of Galilee

2011-11-13T20:16:00.015+02:00

18/12/2011

Privet Land for sale in the north-west Sea of galilee, with approved plans to build two big hotels with 480 rooms.

The only one property in the sea of galilee with approved plans ! All rooms will have an open sea of galilee view.

Price - $ 6 million

You can leave a message in NY - (646) 499-6931

Or send an email to - tamtree@gmail.com

Tel Aviv's former Templer community demanded compensation for a real-estate project erected on land once owned by his family

2011-07-02T06:57:00.001+03:00

Last month, the High Court of Justice ruled on one of the most fraught and explosive real-estate petitions it has deliberated in the past decade. For seven years, the court discussed a suit by Helmut Georg Laemmle, an Australian descendant of the German Templers, demanding compensation of about NIS 1 million from the city of Tel Aviv for lands on which the two towers constituting the Weizmann Center were built.

The center, which is situated within the Ichilov Hospital compound, contains a mall offices, clinics, a convalescent home for new mothers, assisted living units and a business and commercial center that serves hospital patients, employees and the general public. However, the subject of the suit was not the towers, but rather the plot of land on which they were erected. The plot was part of the property of the Templer colony Sarona, which for the past 60 years has been at the center of controversy in the international arena, in a clash between the municipality and the government (especially the defense establishment ) and in the municipal real-estate playing field.

Tel Aviv Property Pangaea Real Estate

2011-06-30T20:46:00.001+03:00

Pangaea Real Estate Ltd. (PNGD) climbed the most in more than a week after the property developer and its partners agreed to buy land in Tel Aviv property to build a residential and commercial project.

The shares gained 6.6 percent, the most since June 6, to 0.835 shekel at the 4:30 p.m. close in Tel Aviv, giving the Herzliya, Israel-based company a market value of 116.7 million shekels ($34.1 million).

Pangaea and partners including Electra Real Estate Ltd. (ELCRE) agreed to pay 530 million shekels to Tnuva Food Industries Agricultural Co-Op in Israel Ltd. for the property. Electra rose less than 0.1 percent to 20.11 shekels.

Sleepy Israeli town to construct replica of Italian neighborhood

2011-06-30T20:29:00.001+03:00

Israel property Many thousands of kilometers to the west, Israel launched its own project in architectural replication this week: the Bella Lugano quarter in Yehud. Inspired by the the Italian-speaking section of this Swiss city, it is the brainchild of Mayor Yossi Ben David, who became well acquainted with Italy while working in his previous job in textiles.Israel real estate The old center of Yehud is built on the ruins of the Arab village of Yehudia and suffers from many of the syndromes that typically afflict downtown areas in Israel. It is outdated and neglected, and hard-pressed to compete with the successful mall that opened a few years ago in nearby Kiryat Savionim. All attempts to resuscitate it, including establishing a pedestrian mall, have failed.

As part of the renewal project that will encompass 200 dunams, the old downtown will be completely demolished except for the spire of a mosque from the old village of Yehudia and a tomb from the Mamluke period. Two apartment towers will be built and between them - the jewel in the crown - the Italian quarter with picturesque four- and five-story residential buildings. The ground floors will contain shops and feature ornamented colonnades and neoclassical columns. The building fronts will be painted in shades of orange, peach and lavender, and combine European motifs with Israeli sun porches.

Israel's wealthiest man, who died Thursday aged 89, has been in the spotlight since the U.S. accused his company of docking ships in Iran

2011-06-05T20:45:00.001+03:00

Ofer found himself in the spotlight two weeks ago after the U.S. State Department accused one of his shipping companies of doing business with Iran, thus violating sanctions. The Ofer Brothers Group has denied any wrongdoing.

Though Ofer's personal wealth is difficult to estimate, in 2011 Forbes put the figure at $10.3 billion, making him the 79th wealthiest person in the world and the wealthiest man in Israel. TheMarker estimated $4.85 billion.

Ofer was a businessman and shipping magnate, who had many dealings with the Israeli government. He had built up his shipping empire over the past 50 years, and used his profits to buy control of Bank Mizrahi-Tefahot and the Israel Corporation. He ran multiple venues, including the Dead Sea Works, Zim shipping company and oil refineries.

Ofer's main residence was in Monaco, but he also had a home in Tel Aviv's Akirov Towers and donated generously to Israeli institutions, particularly hospitals.

He is survived by his wife Aviva, his sons Eyal and Idan, eight grandchildren and one great-grandchild.

Israel’s Elbit Imaging to invest $500 mn in Indian realty

2011-05-18T16:54:00.000+03:00

Israeli conglomerate Elbit Imaging Ltd and its subsidiary Plaza Centers NV are making fresh investments of at least $500 million (Rs.2,235 crore) to develop real estate projects in India.

The Tel Aviv-based company is globally known for developing shopping malls, having built 84 centres in Europe, the US and Israel.

In India, it is looking to build a diversified real estate portfolio, including residential and office spaces besides shopping malls.

Elbit Plaza India Management Services Pvt. Ltd is close to signing its first residential, joint development project in Thiruvananthapuram on an 11-acre land. It will develop the project together with Pune-based Panchshil Realty and a local builder.

Property analysts say India is the foremost emerging property market along with China and Brazil. But many developers had scaled down their plans for these markets after the 2008-09 economic downturn and returned to established regions.

“We are again seeing interest slowly coming back from foreign developers in India, particularly among those who had already entered the market and got a feel of it earlier,” said Anshuman Magazine, chairman and managing director, CB Richard Ellis South Asia Pvt. Ltd, a property advisory.

Elbit entered India in 2006. It has since invested about $400 million to buy land in central and southern Indian states, said Oren Kolton, country director for Elbit.

As part of its previous investment in the country, the firm is also developing two projects in Pune—a shopping mall on its own and an office space-cum-shopping mall with Panchshil Realty. The estimated investment in the two projects is around $200 million, said Kolton.

“Someone like Elbit brings with it a lot of expertise and international quality because they have developed properties globally,” said Sagar Chordia, a director with Panchshil Realty.

Gazit-Globe Real Estate - NYSE offering

2011-05-14T16:24:00.001+03:00

Gazit-Globe has already approached several US investment banks to accompany the strategic move to improve the company's financial flexibility.
Gazit-Globe is an income-producing real estate company that operates in Israel, North America, and Europe. The company has 662 properties, which generate NIS 5.6 billion in annual turnover. The properties include 610 commercial centers, 12 centers under development, 15 assisted living facilities (with 1,650 housing units), and 15 office buildings.

Stanley Fischer is dealing with demand for real estate

2011-05-08T22:45:00.000+03:00

Fischer, in contrast, has the power to immediately affect real estate, because he has the power to impose on the banks directives about mortgages and financing from one day to the next. Fischer is trying to cool demand and take effective action, whereas Atias and Yishai throw out declarations.
This is a paradox, since Atias and Yishai are the men with real power to change something with regard to home prices. They are responsible for the supply side - Yishai through planning and Atias through marketing by the Israel Land Administration.
There is no dispute that only a massive effort on the supply side - improving procedures by the planning and building commissions and increasing the ability to market land - only these measures can really lower home prices. But Fischer steals the show, as if he has real influence to lower home prices.

Not all overseas buyers of Israeli property are millionaires

2011-05-04T14:47:00.000+03:00

Demand for local real estate from overseas buyers is growing anew as Jews from the US, the UK, the CIS and other countries are busy buying property. Many of them buy property at the very high end of the market -- apartments of more than $1 million At these times, overseas buyers have more modest needs; and since money is less plentiful than it was two or three years ago, these buyers might need financial help. In real estate terms, that means a mortgage.

Not all overseas buyers of Israeli property are millionaires, and the properties they buy are adapted to their level of income and the depth of their pockets. Some of the potential overseas buyers of local real estate have the necessary funds to purchase a property outright, but others don’t want to see their money tied to brick and mortar.

Many Israelis still look to US to expand their businesses

2011-04-10T17:47:00.001+03:00

Philip Stein, CPA: “There is competition between the various states in the US, as each state makes its effort to attract outside investors to it. Israeli businesspeople tend to run as a default to Brooklyn, Los Angeles or Silicon Valley because there are many Israelis there. However, it is much smarter to shop between the various states.

“My recommendation is to look at the headlines and find the states that suffered, and continue to suffer, the most from the economic crisis, because those are the ones that will make more of an effort for a business owner through lowered corporate taxes and other benefits.

“For example, New Jersey is a state worth looking into in terms of investment because it is suffering a very big deficit. Recently, a new governor was voted in, and he is making a super effort to grant incentives to overseas businesses and investments.

“Texas is another state that an Israeli businessperson should consider seriously, because it is a state that has always wanted to be different and to stand out, and it is sometimes viewed in the US as a country of its own. Texans have a special pride and a competitive nature. Their mind-set is essentially, ‘We won’t wait for Obama to give incentives, we’ll do it ourselves.’ For example, in Texas there are various tax benefits, such as no individual income tax. That means only federal, not state, taxes are paid.

“The idea of shopping between states can also be extended to shopping between specific cities. Here, too, my recommendation is to look for the cities whose economic situation is lower. For example, Newark [in New Jersey] is today in that situation and offers wonderful opportunities for outside investors.”

TECHNION RESEARCHERS WARN OF ISRAELI REAL ESTATE BUBBLE

2011-04-10T17:41:00.000+03:00

While the housing market in Israel is showing signs of a bubble similar to that of the pre-crisis year of 2007, a similar collapse in housing prices is unlikely, say researchers from the Technion-Israel Institute of Technology in a paper.

Dr. Daniel Ben-Shahar and PhD candidate Yaakov Varchevsky examined home prices patterns and housing availability in Israel form 1989-2010 and found that the average home price in terms of the average net monthly household income had risen to 60 salaries in 2009 from 47 salaries over a 20-year period.

Netanyahu: Buying a home has become harder and harder.

2010-11-16T00:42:00.001+02:00

Steinitz elaborated that "for the first step, in 2011 to Capital Gains Tax discount for those who sell land for rapidly building private land. The assumption will be given only for real estate construction which will end in 30 months. Who sell land for quick, collected from only 20% of the entire period including praise and historical standing on 45% percent currently. "

"For the second step," said Steinitz, "We intend to give a refund of up to 15% at land auctions of the Israel Lands Authority who will start immediate construction contractors to complement the construction of at least 80% of the housing project." Steinitz elaborated that "There are mayors prevent the construction of new neighborhoods for the reason that some public institutions fall on the shoulders of the municipality. We decided to approve Lmm"a back up on the ground and transfer inspection duties at cities confirm dwellings."

During the press conference, told Netanyahu about the forum that decisions were made about the measures, saying that "I convened a joint forum last month, the Finance Minister, Minister of Housing, Bank of Israel, CEO offices, the Israel Lands Administration officials and others. As for professional staff on this issue to provide practical solutions in the short term. I got another decision - to get results, as necessary, every few weeks. Today I will present the first steps, the first batch of results. We get together almost every week and introduce further measures as necessary. Watch for further, and soon. "

Deputy Minister for Young, Gila Gamliel, said at the press conference that "these measures are part of a strategic plan to make young people a national resource. The program began with relief in acquiring an education by providing free school year veterans, and now we handle on the housing shortage. This is the first wave of benefits designed to help solve the housing shortage of young couples. "

The global financial crisis has left Israel's real estate market with a problem most U.S. homeowners only dream about: Property values are rising too

2010-11-15T22:12:00.000+02:00

Rising demand pushed the average home price to about $250,000. In Tel Aviv, prices have risen 46% since the end of 2008 to an average of nearly $600,000 for a three-bedroom home. Jerusalem is up 15% this year to an average price of about $415,000.

That's good news for homeowners, who watched property values fall in the 1990s and again during the 2001-03 Palestinian uprising and the 2006 Lebanon war. On average over the last decade, Israeli home prices have risen about 3% a year.

But the recent surge in prices has made life difficult for many Israelis, especially first-time homebuyers.

"Real estate prices in Israel, particularly in Jerusalem, are simply crazy," said Yoni Shoshana, 26, who is married and has one child. He spent months looking at dozens of apartments until he finally found a two-bedroom unit for $235,000. His secret? Perseverance and prayer, he said.

Israel Lands Administration and the Ministry of Housing land out another wave of marketing

2010-10-14T19:02:00.000+02:00

Marketing time is concentrated mainly in areas of demand. Among others will be marketed land for construction of 1142 in Netanya, Tel Aviv 450 and 650 in Jerusalem (412 in taxes, 158 and 80 at the top levels of a wolf).

In total marketed Israel Lands Administration land for construction of 4,000 apartments in 17 cities and towns across the country. Other land birds came to market intelligence in the construction of 400 apartments and Ashdod of 480 apartments.

North will be marketed in Karmiel land for construction of 100 apartments, Nazareth 100 dwellings shall be directed Non-Jewish Sector in Kiryat Motzkin, will be marketed land for construction of 94 apartments occupant price auction method. Horicon will be marketed 235 apartments 213 apartments and Be'er Sheva. Furthermore plots will be marketed to build 58 attached to the ground Yeruham, lots for construction of 22 attached to the ground in Kiryat Malachi, shall be directed only for the disabled.

Data from the Association of Contractors, levels of demand for apartments is estimated at about 40 thousand apartments per year, the volume of housing starts per year, however, is about 30 thousand a year on average. Last year an unprecedented attempt by the Ministry of Construction and Housing of Israel Lands Administration to solve the problem by flooding the market supply of land for construction of tens of thousands of housing units.

In the last decade, by 2009, the Israel Lands Administration Marketing Every year about 15 thousand housing units, but since September 2009 to September 2010 Marketing Administration issued dozens of land across the country for construction of 30 thousand housing units. Last marketing was done in September this year for construction of 3,000 apartments in 21 cities and towns across the country.

The israel housing prices down

2010-10-11T20:46:00.000+02:00

Owners of apartments in Israel find it difficult to meet their mortgage payments. According to a survey conducted for Friends of the Israeli Forum for Social Responsibility by Maagar Research Institute. The survey will be submitted tomorrow (Tuesday) Members of the Finance Committee to discuss the housing crisis in Israel.

The survey of 531 respondents aged 18 and over. 76% of survey respondents reported that they own an apartment, 20% reported that they live in rented and the remaining 2% live in public rental, companies such as Amidar or flint.

Association vice president friend, Ran Melamed, said in a conversation with ABC News' that recently you can feel certain that the distress experienced by middle class housing. He said that until recently dealt mostly Association lowest deciles tenants who could not meet their mortgage and headed the organization for help dealing with debts.

Melamed also said that recently more and more cases are of the middle class who find it difficult to repay the mortgage and the Association began to take care of them too. According to the poll, the distribution among the respondents admitted that they find it difficult to return months is 31% to those who admitted that they have difficulty to find it difficult to meet payments and 14% very difficulty to them.

The state housing prices down

The survey showed that most respondents expect the state intervention to solve the housing shortage. 85% said that the state provide subsidies to young couples purchasing

The first apartment. 68% think the State should also provide subsidies to students who purchase their first apartment. 72% think the state should provide subsidies to residents who purchase an apartment in the peripheral regions. 67% believe the state should lower the prices of apartments in the country. 79% think the state should sell land at low prices to allow purchase by families and young people, and 40% believe it has prevented non-residents purchasing apartments in city centers if they use them less than 10 months of the year.

Continue to subsidize the public housing

When asked what assistance that Israel should give the residents, 42% responded that the state should provide public housing in exchange for a reduced payment of rent. 12% said that public housing should be provided rent free. 10% said they have financial help so they can rent an apartment in the free market. 18% said they should be given financial assistance so they can buy an apartment in the free market. Only 1% answered that there is no grant aid at all.

Most respondents (51%) said they were ready to move in rent if the price is low and if the lease would be for a long time.

Israel properties mortgage volume in August - the second highest ever

2010-10-09T22:29:00.000+02:00

"Conduct of Government and the Bank of Israel failed to calm the housing market. It's a fact." That sets me Langermann, CEO of Discount Mortgage Bank, a conversation with ABC News. "Harsh background of Langermann says: mortgage market data released yesterday by the Bank of Israel, reveal that the number of mortgages in August is the second highest ever.

In August, public borrower mortgage amounting to 4.7 billion, an increase of 7.6% the previous month and 23% compared with August 2009. Record, incidentally, was recorded last June: So was the mortgage on a 4.87 scale billion. In the past 12 months put the amount of mortgage banks 45.1 billion, according to the Bank of Israel.

Despite the high amount in August continued decline in mortgage transactions last year. The number of transactions in August this year amounted to -8172, a decrease of 20.28% over the corresponding month last year. July fell by 13% in mortgage transactions compared to July 2009. "You have to remember that because of the rise in housing prices, people take large mortgages today than what took two years ago," said Eli Gold, director of retail credit and mortgages at Bank Hapoalim. "If two years ago the average loan was about 350-400 thousand shekels, today there are approximately -600 thousand shekels. This could be the reason for the dramatic increase in the total amount borrowed public in August."

In recent months the Bank of Israel tries to stop the sharp surge in apartment prices, stands at about 30% by the Bank of Israel. In early July's order took effect the Supervisor of Banks Rony Hizkiyahu, tough requirements in relation to mortgage banks given high leverage. According to the directive, from July 1, banks were required to make additional provision of 0.75% of outstanding mortgages can be attributed to financing (loan relative to property value) higher than 60%. Also on June 22 announced that the Tax Authority will stop purchasing groups enjoy tax benefits.

However, despite the new regulations in July and August were still in high performance mortgage industry. Hezekiah previously hinted that if the mortgage market did not catch a cold as a result of his teaching, he would consider additional measures. Bank of Israel Governor Stanley Fischer said last Sunday on real estate prices that if the government fails to take measures to increase housing supply to lower the price, the Bank of Israel will consider further action.

The greatest danger Interest

But Langermann doubt autumn weather did Icnene the housing prices. "Although September is traditionally weak because of the holidays, especially this year, Achsahahgym ate in many workplaces," says Langermann. "But early October noticeable surge in the mortgage market compared with recent times. If the intent of the relevant bodies would cool the market, it is not felt. During the summer, from June, you could feel quite a lot of uncertainty of Connie apartments, really thought the government promises to release land for construction large-scale Israeli bank activities greatly affect the price and stop the increases. but stopped to wait for buyers, sellers began to raise prices. "

According to Gold, the main reasons for the strengthening of the real estate market in recent months they increased investor activity and interest, is still lower than recent years. Langermann adds that the issue of interest is the main danger in the market. "In recent months, and now, on taking mortgages to be very careful to poor planning, not assume that similar levels of interest rates will remain current levels, "she says." We are working for months to protect ourselves and customers' interest levels change drastically. We understand that changing the image in this area could lead to a dramatic reduction in their repayment ability. "

However, gold does not see a danger to the public that a bank operating in borrowed more money from the bank. "We look at our borrowers also examining the loan in accordance with the Asset enslaved," says Gold. "This knowledge helps us to take as few risks. Bank of Israel issued the last orders to prevent future risks, and proper action, but now I do not think that the level of risk has changed a lot. However, there's still room for further actions the state's property market cooling . Rise in prices is not good for the market, there are more tools like increasing the land supply, need to seriously consider real estate prices will go down. "

Rent price increases of up to 20% in Tel Aviv, Haifa and Beer Sheva

2010-10-08T18:55:00.001+02:00

Last year price increases were recorded in three cities that are centers of attraction for rent - Tel Aviv, Beersheba and Haifa. Surveyed other cities in our survey actually recorded on the other hand price stability. This stabilization trend begun last year, after several years of steep price increases made it very difficult for tenants.

Trend in rents next year will be determined largely by interest rates - that estimate the market active. If interest rates rise, investors will try to raise the rent to cover mortgage payments and their sizes. If they will not succeed in that, may seem an increase in the supply of dwellings for sale and a decline in their price.

Tel Aviv municipality's war housing splitter reduced the supply of small dwellings and led to price increases. Larger apartments also increased rental prices, partly overcoming the phenomenon of young families who want to live in the city, but can not afford to buy her apartment.

Price increases in Haifa and Be'er Sheva is not surprising. These cities observed a run of investors on the cheap apartments are stable demand from a quality audience of students. Following the high demand for housing prices rose, prompting investors to raise rents to keep the high returns they expect.

Investors currently seem Haifa and Beer Sheva can still raise prices due to the low starting point of the rents that allows room to maneuver. However, in Be'er Sheva have already started Ahstondttim protest rents immigrants quickly, time will tell if they can stem the trend of price increases.

Other towns, as noted, the rental prices remained stable. Among other things, this trend is attributed to the entry of investors to cities such as Jerusalem, Herzliya, Rehovot and others, which increased the supply of housing investment contributed by lowering rents.

Government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land

2010-10-07T10:54:00.002+02:00

These days the government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land. Administration issued a month ago Letters lessee of land which the land will be taken by them will be recorded in the Land Registry under the name free of charge. The port reform path followed by television and radio advertising campaign.

Administration will oversee the market to prevent the accumulation of multiple land to any private entity. Administration CEO, Yaron Bibi, heads the team which met six weeks ago to examine measures to prevent concentration of Israeli real estate market.

Encourage competition: the Israel Lands Administration lands against corporate accumulation

"The reform includes a clause requiring the administration to prevent concentration of land by individuals and giving him new tools to address the situation of the concentration of land in the hands of individuals," reads a statement from Prime Minister's Office released yesterday. In addition, the Administration intends to monitor the transactions made to the ground to prevent the entry of hostile elements. The message reads: "A special mechanism will protect against hostile foreign takeover of state land, so supervision is expected to strengthen this issue. Official institutions, they continue to do the planning to ensure land use in accordance with national interests." Posts were transferred initially to 65 thousand landowners in the periphery are entitled to transfer ownership to them free of charge. Soon be sent messages to 40 thousand tenants in the center, are exempt from. The last phase will be distributed 25 thousand bond exceptional group includes tenants, and therefore are exempt from payment.

To date, the Administration Land Registry recorded 60 thousand tenants under saturation. With the transfer of ownership and registration in the Land Registry, can any tenant build the territory without the approval of Israel Lands Authority to act against the local authority only.

Israel Land Administration reform designed to reduce the bureaucracy experienced by those who seek to promote programs to expand the house, so that any change will require a little planning and administrative approval. This will allow Management to focus on the development and marketing of land. The reform will also establish internal authority - the state government land management.
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Israel Negev Properties

2010-09-27T19:14:00.000+02:00

"Image or not, homes and lots in the Negev are kidnapped like hot cakes. Have a great demand far exceeds supply. I believe that we are running long distances here, and the change's image will come in a few years" - said yesterday Ofir Fisher, vice president of development of the movement Or settling the Negev and the Galilee at the "audience" was held at Sapir College, in the Negev image panel on the media. The conference was held in preparation for Israel's Sderot conference to be held on November 9.

Siegel Moran, head of the Bnei Shimon Regional Council, presented as an example of the Kibbutz Beit Kama: "Eight years ago there were no young kibbutz. Today the population which comes to about 1,000 people and there is close to 2 million."

"The new systems only want to hear negative things about the Negev," stressed Sagi Bashan, a former Channel 2 news correspondent in the south. "Poverty Report Achshmatfrsm always seek the empty fridge Yeruham, although it has been a while since a development town, and not seek an empty fridge in Ramat Gan. When I wrote, I have decided not to pass negative items on the Negev. Anyone who wants yellow - look for it in other regions. "

Debbie Moses, media adviser at the conference said that "for years been accustomed to see themselves as residents of the Negev and needy who need to accept that all the time that their leaders told them. Today Negev made a big jump accordingly to change the language. Negev have in recent years doing construction boom unprecedented in comparison to regions other country, and it's time that the image of the region will change. "

Purchasing groups trend subsided purchasers will pay the market price at the end

2010-09-25T17:44:00.002+02:00

Silly season for israel property brokers that required to be creative to close deals primarily be patient - after Sukkot big wave of deals will come back after Passover. "Problem during the holidays, there are fewer working days, people travel, and if there is a deal, so sometimes the lawyer on vacation. But there are still deals, and some people actually prefer to buy the apartment before the new year, "says Adina Smart, CEO Anglo Saxon.

Israel real estate market has adjusted and derived from the crossings. "Record sales generally is between March - April to September-October because of crossings of the families before the school year. Now starting to decline. "

Wash holidays just past the state foreign residents market women, but this phenomenon petered out and moderators have to show creativity and to cut their commission.

So what do brokers to promote deals?

"Shake the dust off the stock of assets. Every broker has this same pool when fewer deals have more time to deal in and it says check on any property, to access more customers, get houses, mailboxes flyers to paste magnets, to wish a good year and some customers business cards. This holiday season a great time to renew the ties that mid-year so no time for that. "

What impact on the number of transactions?

"I expect to have a drop of about 20%. Some deals involve October in place to close in September."

Tnuva company offers for sale the land at the Azrieli Towers dairy

2010-09-22T00:50:00.000+02:00

Tnuva company offers for sale the land at the Azrieli Towers dairy. Father Shay, senior investment manager David Apax wealthy attorney from that. Biran Show of the sale procedure of the field.

CBD is the lot located north of Tel Aviv (Main Business Center), the Azrieli Towers in the southern corner and Nsatara to Ramat Gan. Tnuva field is in the middle of the CBD near the tower building today Carden.

A lot area of approximately 38 acres it could build four towers of 50 floors. One is for residential towers, an area of approximately 36 thousand square meters, and the three other towers are designed for offices and hotels and commercial space on floors ground. It's only worth building rights and 125 thousand square meters.

Tel Aviv real estate tama 38

2010-09-18T23:39:00.001+02:00

TAMA 38 How do you say in French? It seems that the company Teidan (Tidan), real estate and hotel industry conglomerate in Montreal, no matter what you call it, as long as it produces penthouses in Tel Aviv.

The company, along with some investors from Canada and the U.S., has invested a sum that still does not look like him in the field - 200 million U.S. dollars (750 million) - Israeli real estate Krieger, which specializes in strengthening buildings against earthquakes in Plan No. 38, particularly mass Dan.

These projects, the contractor building the roof of the building one floor or several floors, selling the new apartments on the open market. In most cases, residents receive in exchange for strengthening and renovation, installing an elevator and adding a safe room balcony for each apartment.

After several years of field refused to take off - the contractors claimed that it lies not economically feasible in most parts of the country - TAMA 38 first expresses confidence in a foreign company. In question with Tidan Hospitality & Real Estate Group, a Canadian real estate company active in North America. The company holds about 3 million square meters for commercial and industrial, and has more than 1,000 employees. The company owns shopping malls, about 2,000 residential units including luxury apartments, and hotels where a total of 1,800 rooms.
Every Jew's desire

For Kruger, the current round of capital raising comes two years after the company raised $ 100 million from a group of private businessmen, including the Israeli entrepreneur Eyal Mesika, which operates mainly abroad.

"Not only foreign investors who believe NOP 38, are even a little jealous - are suddenly so many new penthouses in Tel Aviv, said today (Wednesday) Globes Krieger CEO Real Estate, Gal Hershkovitz." Every Jew would like penthouse in Jerusalem or Tel Aviv. "

According to Hershkowitz, "Israeli banks do not provide funding NOP 38 projects - because they have no property mortgage, so everything needs to equity investors." Krieger actually operates as a REIT fund (REIT). "We return the investor's return on investment plus 10 % per year. We like a REIT fund, just not recruited Sea bonds. But I do not rule out offering the stock market a few years, depending on how the market will advance. "

Kruger Real Estate plans to complete about 150 to 200 projects in the next five years; Hershkovitz estimates that 1,500 households and approximately -800 Aahuzko Weshupcv new housing units will be added in Gush Dan. So far, the company obtained the necessary signatures (minimum of 66%) for 40 projects; one project is under active construction. Prices of new homes in projects ranging between $ 6,000 to $ 7,000 per square foot.

Last month, israel real estate buyers began to return to second-hand housing market brought an increase of 2% index

2010-09-15T10:37:00.002+02:00

Finally something happens to second-hand israel real estate housing market. After four months of gradual decline in number of deals, up to almost full stagnation in many parts of the country and stop the movement of prices, the market began to seem sobering process which began after the deals buyers sitting on the fence for a long time waiting for decline in market prices hand - second.

Handicap effect of the banking market in providing mortgages, along with israel real estate property experts estimate the price decline close, far away from the market quite a few potential buyers, which seemed similar to what happened in May last year began to realize that the drop in prices will not come soon.

Information provided by members of one area - clear - most of the activity is a housing enhancers young couples who can not wait and began to buy more apartments. Most activists believe that in September the market will be weak, but the veteran also difficult to appreciate them because prices in the coming months

Is the trend of green building is really a fig leaf ?

2010-09-10T10:45:00.000+03:00

Is the decision to establish another coal turbine Ashdod affect the prices Hened"l Estate in Ashdod?

Is the sewage flowing rivers of Galilee prevents residents move to Gush Segev?

What the impact of oil refineries on house prices cites?

Is the reason housing prices associated with low infection Hadera power plant in Hadera?

We all seem to have been exposed in recent years environmental pollution loads in Goren, if we could ever live in cities with less environmental pollution, today it is already clear that one can not escape it, the environmental contamination affects not only our health but also on our ads more choice of quality places cleaner living.

Recently we were exposed to very interesting campaigns that offer us to buy luxury apartments in building green, and it is really good and blessed, in any case it is better to live in a green built green and healthy materials ... but ...

What will help us buy a green house at the new venture cement plants eagle?

What will help us buy green apartment complex near the Kishon River?

What do you mean? ... Not every construction project, which boasts a green building, we also guarantee environmental quality of life is always better to check before you buy a good property what happens within a radius wider than the neighbor's lawn.