Tuesday, April 16, 2013
Tel Aviv real estate property launches the future
“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.
Monday, April 08, 2013
Buying a Resort Room in the sea of Galilee by foreign investors - May 2013
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
Thursday, February 07, 2013
Bar Refaeli Snags Tel Aviv Apartment for Brother
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.
Blackstone to Buy Stake in 40 U.S. Shopping Centers
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.
Saturday, January 19, 2013
House Prices and Property Demand Rising in Israel
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.
Monday, November 12, 2012
Israelis snapping up homes in town planned for ultra-Orthodox
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."
Tuesday, November 06, 2012
Fischer Seen Responsible Adult in Israeli Home Bubble: Mortgages
The central bank announced home loan limits this week while at the same time unexpectedly reducing the benchmark rate to the lowest in 22 months. The directives set a maximum loan-to-value for the first time, restricting mortgages to 50 percent for investors, 75 percent for those who have never purchased a home before and 70 percent for everyone else.
“There is a problem with the real estate market, it can’t be ignored,” Yaniv Pagot, chief strategist at the Ramat Gan- based Ayalon Group Ltd., said by telephone. “The government is in a sort of “end of school” atmosphere. The Bank of Israel, as the responsible adult, will have to let out the hot air until the government solves the problem by increasing supply.”
Fischer’s steps to slow home price growth come three weeks after Prime Minister Benjamin Netanyahu called early elections amid a budget deadlock, caused in part by the government’s inability to fund social-welfare spending promised after consumer protests over spiraling housing and food prices. At the same time, the low rates have fuelled ballooning mortgage debt, raising central bank concerns about the stability of banks.
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