Marketing time is concentrated mainly in areas of demand. Among others will be marketed land for construction of 1142 in Netanya, Tel Aviv 450 and 650 in Jerusalem (412 in taxes, 158 and 80 at the top levels of a wolf).
In total marketed Israel Lands Administration land for construction of 4,000 apartments in 17 cities and towns across the country. Other land birds came to market intelligence in the construction of 400 apartments and Ashdod of 480 apartments.
North will be marketed in Karmiel land for construction of 100 apartments, Nazareth 100 dwellings shall be directed Non-Jewish Sector in Kiryat Motzkin, will be marketed land for construction of 94 apartments occupant price auction method. Horicon will be marketed 235 apartments 213 apartments and Be'er Sheva. Furthermore plots will be marketed to build 58 attached to the ground Yeruham, lots for construction of 22 attached to the ground in Kiryat Malachi, shall be directed only for the disabled.
Data from the Association of Contractors, levels of demand for apartments is estimated at about 40 thousand apartments per year, the volume of housing starts per year, however, is about 30 thousand a year on average. Last year an unprecedented attempt by the Ministry of Construction and Housing of Israel Lands Administration to solve the problem by flooding the market supply of land for construction of tens of thousands of housing units.
In the last decade, by 2009, the Israel Lands Administration Marketing Every year about 15 thousand housing units, but since September 2009 to September 2010 Marketing Administration issued dozens of land across the country for construction of 30 thousand housing units. Last marketing was done in September this year for construction of 3,000 apartments in 21 cities and towns across the country.
Thursday, October 14, 2010
Monday, October 11, 2010
The israel housing prices down
Owners of apartments in Israel find it difficult to meet their mortgage payments. According to a survey conducted for Friends of the Israeli Forum for Social Responsibility by Maagar Research Institute. The survey will be submitted tomorrow (Tuesday) Members of the Finance Committee to discuss the housing crisis in Israel.
The survey of 531 respondents aged 18 and over. 76% of survey respondents reported that they own an apartment, 20% reported that they live in rented and the remaining 2% live in public rental, companies such as Amidar or flint.
Association vice president friend, Ran Melamed, said in a conversation with ABC News' that recently you can feel certain that the distress experienced by middle class housing. He said that until recently dealt mostly Association lowest deciles tenants who could not meet their mortgage and headed the organization for help dealing with debts.
Melamed also said that recently more and more cases are of the middle class who find it difficult to repay the mortgage and the Association began to take care of them too. According to the poll, the distribution among the respondents admitted that they find it difficult to return months is 31% to those who admitted that they have difficulty to find it difficult to meet payments and 14% very difficulty to them.
The state housing prices down
The survey showed that most respondents expect the state intervention to solve the housing shortage. 85% said that the state provide subsidies to young couples purchasing
The first apartment. 68% think the State should also provide subsidies to students who purchase their first apartment. 72% think the state should provide subsidies to residents who purchase an apartment in the peripheral regions. 67% believe the state should lower the prices of apartments in the country. 79% think the state should sell land at low prices to allow purchase by families and young people, and 40% believe it has prevented non-residents purchasing apartments in city centers if they use them less than 10 months of the year.
Continue to subsidize the public housing
When asked what assistance that Israel should give the residents, 42% responded that the state should provide public housing in exchange for a reduced payment of rent. 12% said that public housing should be provided rent free. 10% said they have financial help so they can rent an apartment in the free market. 18% said they should be given financial assistance so they can buy an apartment in the free market. Only 1% answered that there is no grant aid at all.
Most respondents (51%) said they were ready to move in rent if the price is low and if the lease would be for a long time.
The survey of 531 respondents aged 18 and over. 76% of survey respondents reported that they own an apartment, 20% reported that they live in rented and the remaining 2% live in public rental, companies such as Amidar or flint.
Association vice president friend, Ran Melamed, said in a conversation with ABC News' that recently you can feel certain that the distress experienced by middle class housing. He said that until recently dealt mostly Association lowest deciles tenants who could not meet their mortgage and headed the organization for help dealing with debts.
Melamed also said that recently more and more cases are of the middle class who find it difficult to repay the mortgage and the Association began to take care of them too. According to the poll, the distribution among the respondents admitted that they find it difficult to return months is 31% to those who admitted that they have difficulty to find it difficult to meet payments and 14% very difficulty to them.
The state housing prices down
The survey showed that most respondents expect the state intervention to solve the housing shortage. 85% said that the state provide subsidies to young couples purchasing
The first apartment. 68% think the State should also provide subsidies to students who purchase their first apartment. 72% think the state should provide subsidies to residents who purchase an apartment in the peripheral regions. 67% believe the state should lower the prices of apartments in the country. 79% think the state should sell land at low prices to allow purchase by families and young people, and 40% believe it has prevented non-residents purchasing apartments in city centers if they use them less than 10 months of the year.
Continue to subsidize the public housing
When asked what assistance that Israel should give the residents, 42% responded that the state should provide public housing in exchange for a reduced payment of rent. 12% said that public housing should be provided rent free. 10% said they have financial help so they can rent an apartment in the free market. 18% said they should be given financial assistance so they can buy an apartment in the free market. Only 1% answered that there is no grant aid at all.
Most respondents (51%) said they were ready to move in rent if the price is low and if the lease would be for a long time.
Saturday, October 09, 2010
Israel properties mortgage volume in August - the second highest ever
"Conduct of Government and the Bank of Israel failed to calm the housing market. It's a fact." That sets me Langermann, CEO of Discount Mortgage Bank, a conversation with ABC News. "Harsh background of Langermann says: mortgage market data released yesterday by the Bank of Israel, reveal that the number of mortgages in August is the second highest ever.
In August, public borrower mortgage amounting to 4.7 billion, an increase of 7.6% the previous month and 23% compared with August 2009. Record, incidentally, was recorded last June: So was the mortgage on a 4.87 scale billion. In the past 12 months put the amount of mortgage banks 45.1 billion, according to the Bank of Israel.
Despite the high amount in August continued decline in mortgage transactions last year. The number of transactions in August this year amounted to -8172, a decrease of 20.28% over the corresponding month last year. July fell by 13% in mortgage transactions compared to July 2009. "You have to remember that because of the rise in housing prices, people take large mortgages today than what took two years ago," said Eli Gold, director of retail credit and mortgages at Bank Hapoalim. "If two years ago the average loan was about 350-400 thousand shekels, today there are approximately -600 thousand shekels. This could be the reason for the dramatic increase in the total amount borrowed public in August."
In recent months the Bank of Israel tries to stop the sharp surge in apartment prices, stands at about 30% by the Bank of Israel. In early July's order took effect the Supervisor of Banks Rony Hizkiyahu, tough requirements in relation to mortgage banks given high leverage. According to the directive, from July 1, banks were required to make additional provision of 0.75% of outstanding mortgages can be attributed to financing (loan relative to property value) higher than 60%. Also on June 22 announced that the Tax Authority will stop purchasing groups enjoy tax benefits.
However, despite the new regulations in July and August were still in high performance mortgage industry. Hezekiah previously hinted that if the mortgage market did not catch a cold as a result of his teaching, he would consider additional measures. Bank of Israel Governor Stanley Fischer said last Sunday on real estate prices that if the government fails to take measures to increase housing supply to lower the price, the Bank of Israel will consider further action.
The greatest danger Interest
But Langermann doubt autumn weather did Icnene the housing prices. "Although September is traditionally weak because of the holidays, especially this year, Achsahahgym ate in many workplaces," says Langermann. "But early October noticeable surge in the mortgage market compared with recent times. If the intent of the relevant bodies would cool the market, it is not felt. During the summer, from June, you could feel quite a lot of uncertainty of Connie apartments, really thought the government promises to release land for construction large-scale Israeli bank activities greatly affect the price and stop the increases. but stopped to wait for buyers, sellers began to raise prices. "
According to Gold, the main reasons for the strengthening of the real estate market in recent months they increased investor activity and interest, is still lower than recent years. Langermann adds that the issue of interest is the main danger in the market. "In recent months, and now, on taking mortgages to be very careful to poor planning, not assume that similar levels of interest rates will remain current levels, "she says." We are working for months to protect ourselves and customers' interest levels change drastically. We understand that changing the image in this area could lead to a dramatic reduction in their repayment ability. "
However, gold does not see a danger to the public that a bank operating in borrowed more money from the bank. "We look at our borrowers also examining the loan in accordance with the Asset enslaved," says Gold. "This knowledge helps us to take as few risks. Bank of Israel issued the last orders to prevent future risks, and proper action, but now I do not think that the level of risk has changed a lot. However, there's still room for further actions the state's property market cooling . Rise in prices is not good for the market, there are more tools like increasing the land supply, need to seriously consider real estate prices will go down. "
In August, public borrower mortgage amounting to 4.7 billion, an increase of 7.6% the previous month and 23% compared with August 2009. Record, incidentally, was recorded last June: So was the mortgage on a 4.87 scale billion. In the past 12 months put the amount of mortgage banks 45.1 billion, according to the Bank of Israel.
Despite the high amount in August continued decline in mortgage transactions last year. The number of transactions in August this year amounted to -8172, a decrease of 20.28% over the corresponding month last year. July fell by 13% in mortgage transactions compared to July 2009. "You have to remember that because of the rise in housing prices, people take large mortgages today than what took two years ago," said Eli Gold, director of retail credit and mortgages at Bank Hapoalim. "If two years ago the average loan was about 350-400 thousand shekels, today there are approximately -600 thousand shekels. This could be the reason for the dramatic increase in the total amount borrowed public in August."
In recent months the Bank of Israel tries to stop the sharp surge in apartment prices, stands at about 30% by the Bank of Israel. In early July's order took effect the Supervisor of Banks Rony Hizkiyahu, tough requirements in relation to mortgage banks given high leverage. According to the directive, from July 1, banks were required to make additional provision of 0.75% of outstanding mortgages can be attributed to financing (loan relative to property value) higher than 60%. Also on June 22 announced that the Tax Authority will stop purchasing groups enjoy tax benefits.
However, despite the new regulations in July and August were still in high performance mortgage industry. Hezekiah previously hinted that if the mortgage market did not catch a cold as a result of his teaching, he would consider additional measures. Bank of Israel Governor Stanley Fischer said last Sunday on real estate prices that if the government fails to take measures to increase housing supply to lower the price, the Bank of Israel will consider further action.
The greatest danger Interest
But Langermann doubt autumn weather did Icnene the housing prices. "Although September is traditionally weak because of the holidays, especially this year, Achsahahgym ate in many workplaces," says Langermann. "But early October noticeable surge in the mortgage market compared with recent times. If the intent of the relevant bodies would cool the market, it is not felt. During the summer, from June, you could feel quite a lot of uncertainty of Connie apartments, really thought the government promises to release land for construction large-scale Israeli bank activities greatly affect the price and stop the increases. but stopped to wait for buyers, sellers began to raise prices. "
According to Gold, the main reasons for the strengthening of the real estate market in recent months they increased investor activity and interest, is still lower than recent years. Langermann adds that the issue of interest is the main danger in the market. "In recent months, and now, on taking mortgages to be very careful to poor planning, not assume that similar levels of interest rates will remain current levels, "she says." We are working for months to protect ourselves and customers' interest levels change drastically. We understand that changing the image in this area could lead to a dramatic reduction in their repayment ability. "
However, gold does not see a danger to the public that a bank operating in borrowed more money from the bank. "We look at our borrowers also examining the loan in accordance with the Asset enslaved," says Gold. "This knowledge helps us to take as few risks. Bank of Israel issued the last orders to prevent future risks, and proper action, but now I do not think that the level of risk has changed a lot. However, there's still room for further actions the state's property market cooling . Rise in prices is not good for the market, there are more tools like increasing the land supply, need to seriously consider real estate prices will go down. "
Friday, October 08, 2010
Rent price increases of up to 20% in Tel Aviv, Haifa and Beer Sheva
Last year price increases were recorded in three cities that are centers of attraction for rent - Tel Aviv, Beersheba and Haifa. Surveyed other cities in our survey actually recorded on the other hand price stability. This stabilization trend begun last year, after several years of steep price increases made it very difficult for tenants.
Trend in rents next year will be determined largely by interest rates - that estimate the market active. If interest rates rise, investors will try to raise the rent to cover mortgage payments and their sizes. If they will not succeed in that, may seem an increase in the supply of dwellings for sale and a decline in their price.
Tel Aviv municipality's war housing splitter reduced the supply of small dwellings and led to price increases. Larger apartments also increased rental prices, partly overcoming the phenomenon of young families who want to live in the city, but can not afford to buy her apartment.
Price increases in Haifa and Be'er Sheva is not surprising. These cities observed a run of investors on the cheap apartments are stable demand from a quality audience of students. Following the high demand for housing prices rose, prompting investors to raise rents to keep the high returns they expect.
Investors currently seem Haifa and Beer Sheva can still raise prices due to the low starting point of the rents that allows room to maneuver. However, in Be'er Sheva have already started Ahstondttim protest rents immigrants quickly, time will tell if they can stem the trend of price increases.
Other towns, as noted, the rental prices remained stable. Among other things, this trend is attributed to the entry of investors to cities such as Jerusalem, Herzliya, Rehovot and others, which increased the supply of housing investment contributed by lowering rents.
Trend in rents next year will be determined largely by interest rates - that estimate the market active. If interest rates rise, investors will try to raise the rent to cover mortgage payments and their sizes. If they will not succeed in that, may seem an increase in the supply of dwellings for sale and a decline in their price.
Tel Aviv municipality's war housing splitter reduced the supply of small dwellings and led to price increases. Larger apartments also increased rental prices, partly overcoming the phenomenon of young families who want to live in the city, but can not afford to buy her apartment.
Price increases in Haifa and Be'er Sheva is not surprising. These cities observed a run of investors on the cheap apartments are stable demand from a quality audience of students. Following the high demand for housing prices rose, prompting investors to raise rents to keep the high returns they expect.
Investors currently seem Haifa and Beer Sheva can still raise prices due to the low starting point of the rents that allows room to maneuver. However, in Be'er Sheva have already started Ahstondttim protest rents immigrants quickly, time will tell if they can stem the trend of price increases.
Other towns, as noted, the rental prices remained stable. Among other things, this trend is attributed to the entry of investors to cities such as Jerusalem, Herzliya, Rehovot and others, which increased the supply of housing investment contributed by lowering rents.
Thursday, October 07, 2010
Government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land
These days the government began to publish in the media the Israel Land Administration reform and transfer the ownership of the land. Administration issued a month ago Letters lessee of land which the land will be taken by them will be recorded in the Land Registry under the name free of charge. The port reform path followed by television and radio advertising campaign.
Administration will oversee the market to prevent the accumulation of multiple land to any private entity. Administration CEO, Yaron Bibi, heads the team which met six weeks ago to examine measures to prevent concentration of Israeli real estate market.
Encourage competition: the Israel Lands Administration lands against corporate accumulation
"The reform includes a clause requiring the administration to prevent concentration of land by individuals and giving him new tools to address the situation of the concentration of land in the hands of individuals," reads a statement from Prime Minister's Office released yesterday. In addition, the Administration intends to monitor the transactions made to the ground to prevent the entry of hostile elements. The message reads: "A special mechanism will protect against hostile foreign takeover of state land, so supervision is expected to strengthen this issue. Official institutions, they continue to do the planning to ensure land use in accordance with national interests." Posts were transferred initially to 65 thousand landowners in the periphery are entitled to transfer ownership to them free of charge. Soon be sent messages to 40 thousand tenants in the center, are exempt from. The last phase will be distributed 25 thousand bond exceptional group includes tenants, and therefore are exempt from payment.
To date, the Administration Land Registry recorded 60 thousand tenants under saturation. With the transfer of ownership and registration in the Land Registry, can any tenant build the territory without the approval of Israel Lands Authority to act against the local authority only.
Israel Land Administration reform designed to reduce the bureaucracy experienced by those who seek to promote programs to expand the house, so that any change will require a little planning and administrative approval. This will allow Management to focus on the development and marketing of land. The reform will also establish internal authority - the state government land management.
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Administration will oversee the market to prevent the accumulation of multiple land to any private entity. Administration CEO, Yaron Bibi, heads the team which met six weeks ago to examine measures to prevent concentration of Israeli real estate market.
Encourage competition: the Israel Lands Administration lands against corporate accumulation
"The reform includes a clause requiring the administration to prevent concentration of land by individuals and giving him new tools to address the situation of the concentration of land in the hands of individuals," reads a statement from Prime Minister's Office released yesterday. In addition, the Administration intends to monitor the transactions made to the ground to prevent the entry of hostile elements. The message reads: "A special mechanism will protect against hostile foreign takeover of state land, so supervision is expected to strengthen this issue. Official institutions, they continue to do the planning to ensure land use in accordance with national interests." Posts were transferred initially to 65 thousand landowners in the periphery are entitled to transfer ownership to them free of charge. Soon be sent messages to 40 thousand tenants in the center, are exempt from. The last phase will be distributed 25 thousand bond exceptional group includes tenants, and therefore are exempt from payment.
To date, the Administration Land Registry recorded 60 thousand tenants under saturation. With the transfer of ownership and registration in the Land Registry, can any tenant build the territory without the approval of Israel Lands Authority to act against the local authority only.
Israel Land Administration reform designed to reduce the bureaucracy experienced by those who seek to promote programs to expand the house, so that any change will require a little planning and administrative approval. This will allow Management to focus on the development and marketing of land. The reform will also establish internal authority - the state government land management.
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