Sunday, March 09, 2014
IMF: Israel's housing market is overpriced and a sharp correction will cause recession. The IMF implies in its annual report on Israel, published yesterday, that there is a real estate bubble in the country. It says that home prices are now 25% above their equilibrium value, after rising 80% in the past six years since 2007. Home prices relative to income and home prices relative to rents are 26% and 22% above the long-term level.
Posted by Tam Tree at 11:48 PM
Tuesday, April 16, 2013
“Tel Aviv has a multiplicity of atmospheres that create a type of city that you feel relaxed to live in,” he said. “It is friendly, welcoming, and comfortable.” Israel is the only country in the Middle East that protects homosexuals with anti-discrimination laws, and Tel Aviv was named the world’s “Best Gay City” of 2011 in an international competition conducted by American Airlines. JNS.org asked Huldai to respond to the claim by Israel’s critics that the country seeks to “pink-wash” its problems with the Palestinians by touting its acceptance of the gay community. “Those who say anything against Tel Aviv’s policies regarding the gay community don’t understand reality… We did a lot to embrace the community—the city sponsors a pride parade and centers for young people,” Huldai said. “We are taking care of the all of the parts of the city, whether it’s the haredi community, the Masorti (the equivalent of the Jewish Conservative denomination in the U.S.) group, or foreign workers,” he added. “All are fully participating, all are part of Tel Aviv.
Posted by Tam Tree at 1:29 PM
Monday, April 08, 2013
For Sale in Lake Kinneret, Big Lot for holiday villages with 300 large suites, $ 9 million - Call Now: 972-5494-87653
Posted by Tam Tree at 5:04 PM
For Sale - Huge lot near Tiberias, Sea of Galilee, suitable for immediate construction of 360 rooms in hotels or holiday villages. The land price per room is only 12 Thousand dollars. Call Now: 972-5494-87653
Posted by Tam Tree at 2:56 PM
In May 2013 Phase one will open for registration of foreign joint construction of hotels and holiday villages in the Sea of Galilee and Caesarea.for more info - call 972-5494-87653
Posted by Tam Tree at 2:39 PM
Thursday, February 07, 2013
Israeli supermodel Bar Refaeli has purchased a swank Tel Aviv apartment for her 26 year-old brother, Dor, according to a report by Globes online business magazine. The NIS 2.5 million 72-square meter two bedroom apartment is a property in the Midtown project on Menachem Begin Road in Tel Aviv. The 50 storey building is still under construction.
Posted by Tam Tree at 5:09 PM
Blackstone, based in New York, is adding retail properties as rents and occupancies rise. Shopping-center vacancies dropped to 10.7 percent in the fourth quarter from 10.8 percent in the previous three months and 11 percent a year earlier, according to New York-based data provider Reis Inc. Effective rents, or what’s paid after any landlord discounts, averaged $16.59 a square foot, up from $16.51 a year earlier.
Posted by Tam Tree at 5:06 PM
Saturday, January 19, 2013
Better than expected economic growth is fueling a rise in house prices and stronger property demand in Israel these days. Despite daily fears of violence and security threats from area militia groups, the real estate markets in the 8,500-square-mile Middle East country are prospering, according to various media and analyst reports. Still, there is a shortage of affordable housing while rents in established neighborhoods are rising. Thriving real estate markets are seen in the Northern district, Qrayot Haifa and Jerusalem. Global Property Guide, published in Bristol, England, notes third-quarter growth in the Northern district was 4.8%; Qrayot Haifa, 2.5%; and Jerusalem, 2.7%. Israelis are spending more on consumer goods at the same time as the country's export business is growing. Those two factors are considered crucial to the real estate market health in the small country. With an estimated population of only eight million, Israel, in land size, is just a little smaller than New Jersey's 8,700-square-miles. According to Israel's Central Bureau of Statistics (CBS), the average price of owner-occupied residences rose by 2.56% to ILS 1,132,000 (US $299,086), after a year-on-year rise of just 1.11% in the second quarter, and a decline of 1.56% in the first quarter of this year. One Israeli New Shekel (ILS) equals 27 cents U.S.
Posted by Tam Tree at 10:46 AM
Monday, November 12, 2012
It's a chilly evening in the Sharon region moshav of Porat. Hemi Bar-Or and Noam Hillel are meeting with real estate investors at someone's home. The two are leaders of the campaign against ultra-Orthodox (Haredi) Harish, the city planned for Wadi Ara, and they're trying to persuade non-Haredim to buy there. Neither is technically a real estate professional: Bar-Or is an artist, and Hillel works in high tech, but over the past several years they've become excellent salesmen. After speaking with hundreds of people interested in buying into Harish, they know exactly what's motivating the masses: The low prices there. "In Afula, homes are more expensive and it's also farther north. There's no reason that prices in Harish won't become as least as high as those in Afula," says Bar-Or. "The next wave of tenders will pull up prices because there will already be an urban bloc." Hillel and Bar-Or explain why Harish is like Modi'in - Israel's last planned city - and like every other missed opportunity in Israel's real estate scene. They note that most people didn't buy homes in Caesarea or Shoham before prices shot up there. All the people present at that meeting seem to have done their homework, and all are convinced that Harish is a good buy. It seems like Bar-Or and Hillel can check off another 10 homes sold. "These are very attractive prices for such apartments - when the cost per 100 meters of construction, not counting land costs, can reach NIS 450,000 nowadays, and development fees are NIS 70,000," says Moshe, who is hosting the Porat event. "The question is who'll move into the neighborhood. If it's half Haredi and half non-Haredi that's just fine, but if it's more than half Haredi, then that's not as good because of the poor quality of construction in that community."
Posted by Tam Tree at 9:41 AM