Hard evidence that the Tel Aviv apartment rental and sales sector is rapidly expanding is illustrated by the Tel Aviv Stock Exchange (TASE) which has also risen recently, and of all sectors real estate has taken the largest and most consistent jump.
Investors both in Israel and abroad run first for the real estate sector morning sessions begin and end with Africa-Israel Investments Ltd. (TASE:AFIL; Pink Sheets:AFIVY.PK) and Kardan NV (TASE: KRNV;AEX:KARD) becoming the two main beneficiaries. Africa-Israel climbed 4.5 percent while Kardan rose 5.3 percent.
Ocif Investment and Development, the Tel Aviv real estate and apartment property controlled by Israel businessman and billionaire Arkady Gaydamak, continues to climb. Migdal Insurance Holdings Ltd., Israel's biggest life insurer, is in talks to buy Tel Aviv rental apartments and real estate from Gaydamak for NIS 1.5 billion.
