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Sunday, July 08, 2007

The israel real estate market is hot

Israel property "In summer, there is a 25-percent increase in the number of real estate transactions, in sales and, to a greater extent, in rentals," explains real estate price-list editor and market analyst Levi Yitzhak. "Anyone who can will postpone moving till the summer months, when children are on vacation from school and it is easier to take time off from work. Apartments typically require renovation and work, and during the summer these are unaffected by weather-related hazards that can interfere at other times. So, most transactions take place during the summer months and prices increase."