Perhaps it to early, but real estate experts in Israel feel that to one's great regret of the destruction in Lebanon, its look that after the cease-fire the all area will rise into peaceful time for at least 10 years.
The entry of international forces into south Lebanon will bring the powerful countries to invest billions to help the villages to rebuild their homes. In the opposing side in north Israel we will see more investments in tourism business for example.
Saturday, July 29, 2006
Israel Property princess
Buying a new apartment may be a dream come true but it could change your life, as well. This is the tale of Sarit Saban Shalit, an energetic saleswoman, who killed two birds with one stone and now is running a one-woman show in the real estate world.
Thursday, July 27, 2006
About 15 million USD in damage to northern israel tourism
Tourism industries in the north have lost NIS 65 million (approximately USD 14.7 million), according to the Galilee Tourism Forum.
Hotels, guesthouses and tourist attractions in the north emptied almost entirely of visitors with the onset of the current confrontation on the Lebanese border. According to forum statistics, the tourism industry in the north lost NIS 36 million (USD 8.14 million) in the first week of the crisis, and another NIS 27 million (USD 6.11 million), as a result of cancelled invitations.
Hotels, guesthouses and tourist attractions in the north emptied almost entirely of visitors with the onset of the current confrontation on the Lebanese border. According to forum statistics, the tourism industry in the north lost NIS 36 million (USD 8.14 million) in the first week of the crisis, and another NIS 27 million (USD 6.11 million), as a result of cancelled invitations.
Saturday, July 22, 2006
The irresistible lure of holy land
Who wants to transact a real estate deal with a church? Israeli entrepreneurs who have tried to do so have found themselves locked into long legal entanglements, involving all sorts of interested parties and considerations that are not always pure.
More:http://www.haaretz.com/hasen/spages/733769.html
More:http://www.haaretz.com/hasen/spages/733769.html
Monday, July 17, 2006
Trump Tower on Tel Aviv beachfront
The 230-apartment building and 400-room hotel will be constructed on 3 acres of land on Koifman Street, the last available property on the Tel Aviv beachfront.
The property is valued at USD 20 million.
The property is valued at USD 20 million.
Friday, July 14, 2006
Israel realty market attracting foreign investors
About 53 percent rise in foreign investment in Israel's real estate market.
American, Chinese and European companies are negotiating investments to the tune of USD 100 million in Israel’s real estate market, the head of union for construction contractors, Aharon Cohen, said Sunday.
Data published by the Housing Ministry show a 53 percent increase in foreign investments in the real estate market in 2005 in comparison to 2004. In January 2006, foreign investments in the market rose by 12 percent in comparison to the same month last year.
In 2006, NIS 115 million (USD 25 million) were invested on average every month in comparison to a monthly average of NIS 14 million (USD 30.4 million) in 2001.
American, Chinese and European companies are negotiating investments to the tune of USD 100 million in Israel’s real estate market, the head of union for construction contractors, Aharon Cohen, said Sunday.
Data published by the Housing Ministry show a 53 percent increase in foreign investments in the real estate market in 2005 in comparison to 2004. In January 2006, foreign investments in the market rose by 12 percent in comparison to the same month last year.
In 2006, NIS 115 million (USD 25 million) were invested on average every month in comparison to a monthly average of NIS 14 million (USD 30.4 million) in 2001.
Wednesday, July 12, 2006
7,400 millionaires living in Israel
7,400 people living in Israel have liquid assets worth over USD 1 million, among them 84 multimillionaires have fortunes worth over USD 30 million, according to the Merrill Lynch/Capgemini World Wealth Report.
The number of Israeli millionaires grew by 12 percent and the number of multimillionaires leapt a whopping 20 percent since last year. The total liquid assets of Israel’s wealthy class grew by 25 percent to sum USD 30 billion.
The number of Israeli millionaires per capita was twice the world average.
The number of Israeli millionaires grew by 12 percent and the number of multimillionaires leapt a whopping 20 percent since last year. The total liquid assets of Israel’s wealthy class grew by 25 percent to sum USD 30 billion.
The number of Israeli millionaires per capita was twice the world average.
Monday, July 10, 2006
Conway eyeing Israeli tourism sector
U.S. retailer said to have bought boutique hotel in Galilee as part of plans to run hotel chain in Israel.
New York retailer Conway has plans to open a boutique hotel chain in Israel. Under plans by owner Richard Cohen, the U.S. firm has acquired the Domain Galil boutique hotel in the Galilee town of Rosh Pina.
At USD 6 million, the hotel comprises 24 suites and expands over 15 acres. The deal has been approved by the Ministry of Tourism and Conway will become the new owners as of July 15.
New York retailer Conway has plans to open a boutique hotel chain in Israel. Under plans by owner Richard Cohen, the U.S. firm has acquired the Domain Galil boutique hotel in the Galilee town of Rosh Pina.
At USD 6 million, the hotel comprises 24 suites and expands over 15 acres. The deal has been approved by the Ministry of Tourism and Conway will become the new owners as of July 15.
Saturday, July 08, 2006
Purchasing real estate in Israel
Purchasing real estate in Israel requires an even greater understanding, since the culture, customs and laws relating to the purchase of property in Israel are significantly different than in other countries.
http://www.jpost.com/servlet/Satellite?cid=1148482072655&pagename=JPost%2FJPArticle%2FShowFull
http://www.jpost.com/servlet/Satellite?cid=1148482072655&pagename=JPost%2FJPArticle%2FShowFull
Thursday, July 06, 2006
High-end israel real estate to grow
High-end real estate to grow:
"HSBC Holdings is forecasting continued gains for Israel's real estate market - particularly the high-end. "
http://www.jpost.com/servlet/Satellite?cid=1150355538263&pagename=JPost%2FJPArticle%2FShowFull
"HSBC Holdings is forecasting continued gains for Israel's real estate market - particularly the high-end. "
http://www.jpost.com/servlet/Satellite?cid=1150355538263&pagename=JPost%2FJPArticle%2FShowFull
Tuesday, July 04, 2006
'Trump Tower Israel' takes step forward
http://www.is-realestate.com
Real estate tycoon Donald J. Trump and Miami, Florida based Crescent Heights said Sunday they completed the purchase of the property earmarked for their planned "Trump Tower Israel" luxury apartment complex in Ramat Gan.
The buyers paid Strauss-Elite $44 million for the property and are planning to spend a further $256m. on construction of the tower, bringing the total investment in the project to $300m.
"I am confident that Israel is only heading in one direction, which is up," Trump said in a press release, adding that his edifice would bring the "level of sophistication and design that Israel deserves."
The site of the proposed tower is next to Migdal Aviv in Ramat Gan, and is one of two Israeli projects in which Trump is involved. In December plans were announced for Trump to construct a $500m. hotel complex in Netanya.
Real estate tycoon Donald J. Trump and Miami, Florida based Crescent Heights said Sunday they completed the purchase of the property earmarked for their planned "Trump Tower Israel" luxury apartment complex in Ramat Gan.
The buyers paid Strauss-Elite $44 million for the property and are planning to spend a further $256m. on construction of the tower, bringing the total investment in the project to $300m.
"I am confident that Israel is only heading in one direction, which is up," Trump said in a press release, adding that his edifice would bring the "level of sophistication and design that Israel deserves."
The site of the proposed tower is next to Migdal Aviv in Ramat Gan, and is one of two Israeli projects in which Trump is involved. In December plans were announced for Trump to construct a $500m. hotel complex in Netanya.
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