Updates and summaries on the Israeli real estate market.
At a panel held as part of the urban renewal summit in Tel Aviv, mayors in Israel expressed concerns about the development of 40-story residential towers, which could become "white elephants." Ramla's mayor, Michael Vidal, noted that existi…
The Tidhar group, in collaboration with the Shufersal group, signed a significant combination deal in the Talpiot neighborhood of Jerusalem, worth 460 million shekels. As part of the project, 240 apartments will be built, of which about 56 …
Heirs of apartment owners in demolition-reconstruction projects and TAMA 38 will not automatically be entitled to tax benefits that were due to the deceased due to their age, according to the Tax Authority. The new guideline focuses on elig…
Twenty apartment buyers in a TMA 38/1 project in Bat Yam have filed a lawsuit against the developer Central City Holdings and Properties due to a delay in the delivery of the apartments. According to the agreements, the apartments were supp…
The CEO of the Ministry of Construction and Housing, Yehuda Morgenshtern, called on contractors to lower apartment prices, following a decline in prices in the real estate market. In a conversation during the urban renewal summit, he reveal…
In a large-scale police operation conducted this morning, 50 suspects were arrested for extorting money from contractors in the construction field. The operation, called "Guardians of the Shadow", included raids on dozens of locations acros…
Data from the Ministry of Finance indicates a significant increase in the percentage of apartments sold with financing benefits, with 45% of apartments sold in the free market in September benefiting from these aids, compared to 20% in May.…
Finance Ministry data indicates a significant increase in the percentage of apartments sold with financing incentives, reaching 50% in September, compared to 20% in May. However, sales of apartments in the free market did not experience a r…
In Israel, there is potential to build tens of thousands of apartments as part of urban renewal projects, but many of them are still in the planning stage and not in execution. Real estate companies report a wide array of projects, but thei…
The government is reconsidering the decision to stop importing construction workers from India and Sri Lanka, following pressure from stakeholders in the construction sector. The Population and Immigration Authority announced the cessation …
Data from the Ministry of Finance reveals that the Jerusalem area shows a lower rate of capital losses among real estate investors compared to other parts of the country. About 27% of investors in Jerusalem who sold apartments after five ye…
Attorney Micha Gaderon, the outgoing chairman of the Central District Planning and Building Committee, notes that the current slump in the housing market is due to psychological considerations of buyers, who are waiting for further price re…
A 3-room apartment with an area of 75 m² located on Rabbi Yaakov Trab Street in Tel Aviv was sold after a price drop of 130,000 shekels, for a final price of 2.55 million shekels. The apartment, located on the 12th floor out of 18, includes…
A lengthy dispute between the local planning and building committee of Ra'anana and Kedar Projects has ended with a settlement agreement, in which Kedar will pay an additional betterment tax of 300,000 shekels, instead of the 2 million shek…
The head of the Tax Authority, Shai Aharonovich, noted at the "Real Estate in Real Time" conference that the state may need to impose a property tax on vacant lands to improve its revenues, especially in light of the slowdown in the real es…
At a conference held in Eilat, the chairman of the Tel Aviv Contractors Association, Amit Gottlieb, pointed out a serious problem in the real estate market as major cities like Tel Aviv and Jerusalem are losing residents. Gottlieb noted tha…
The stock of ready apartments in Israel has seen a significant increase of 31% in four months, with the number of unsold apartments rising from 8,000 in April to 10,500 in August. This represents an addition of about 2,500 apartments to the…
The development project of the historic presidential hotel complex in the Talbiya neighborhood of Jerusalem is nearing realization after years of opposition and various plans. The updated plan includes 225 apartments in three buildings, a s…
Soon, the Knesset will discuss the arrangements law, which will include an initiative from the Tax Authority to impose tax from the first shekel on rental income, while abolishing the current exemption ceiling. Additionally, a "registry of …
Gindi Holdings offers apartment buyers the option to defer a payment of 900,000 shekels for ten years after receiving the keys. The promotion is aimed at about 300 apartments in various projects, mainly in Herzliya and Or Yehuda, and aims t…
The article discusses the tax benefit aimed at apartment owners, especially in light of changes in the real estate market, where price declines and a slowdown in sales have been recorded. Data shows that many investors sold apartments at a …
The Bank of Israel has updated the guidelines regarding parental assistance in purchasing a home for their children, clarifying that only half of their disposable income will be considered for assessing mortgage repayment capacity. Until no…
A Jewish-French entrepreneur purchased two floors in the Daniel Tower in Tel Aviv for a sum of 119 million shekels. The deal, executed by the entrepreneur residing in Paris, includes the 14th and 16th floors of the tower located at 7 HaYark…
The government authority for urban renewal warns local authorities that they need to redefine the amount of betterment levies for demolition-reconstruction projects by May 2027. The letter sent indicates that excessively high levies could l…
The struggle over the evacuation of Herzliya Airport is intensifying, as real estate developers who purchased land in the area for 1.5 billion shekels are considering suing the state following the postponement of the evacuation. During a di…
A legal conflict between apartment owners in the Dora neighborhood of Netanya and the municipality ended in agreement, after the municipality withdrew its demand to limit the additional area in the demolition-reconstruction project to 12 m²…
The urban renewal program in the heart of Tel Aviv, focusing on neighborhoods 5 and 6, is expected to generate significant revenue for the municipality from betterment taxes, which will start flowing soon. The program, aimed at regulating t…
Two sisters living in the United States recently purchased two duplex apartments in the "World City" project in Givat Shaul, Jerusalem, for a total amount of approximately 20 million shekels. Each of them bought a five-room duplex with an a…
Kiryat Shmuel in Tiberias offers a unique real estate opportunity with low-priced apartments, especially under a million shekels. The neighborhood, located across from the Sea of Galilee, has experienced a significant price drop over the pa…
The slowdown in the real estate market in Israel offers new opportunities, as REITs, such as Azorim Living, purchase unsold apartments. Recently, a deal was signed for the sale of 80 apartments in a project in the local council of Azor, amo…
The data from the Ministry of Finance reveals that nearly 50% of investors who sold an apartment within five years of purchase did so at a real loss. This concerns 47.5% of investors, where the proceeds from the sale of the apartment were l…
In a ruling recently issued, the court rejected a woman's claim to enforce a draft agreement for the purchase of an apartment in Eilat, after the seller retracted from the transaction. The judge ruled that the draft did not become a binding…
Aora, a leader in urban renewal in Israel, recently reported the acquisition of the sheltered housing company "Beit Bakfar" for 1.7 billion shekels, a move that highlights the risks and uncertainty in this sector. Aora initiates and builds …
A Jewish businesswoman residing in Monaco has purchased half a floor in the luxury tower ASSEMBLY TEL AVIV, located on the Tel Aviv promenade, for 37 million shekels. The property, covering approximately 246 m², is situated on the 17th floo…
Clara Tsabergal, head of the real estate sector at Bank Poalim, announced her retirement after 45 years of work at the bank, including 20 years in her current position. Tsabergal, who began her tenure as head of the real estate sector in 20…
The next government in Israel will face significant challenges in the housing market, requiring quick and effective solutions. Among the central issues is the problem of land marketing, with a sharp decline this year in the number of lands …
Uri Ben Dov, CEO of IBI Funds, expresses his pessimism regarding the future of the Tel Aviv stock exchange and real estate in Israel. Following the recent elections, the stock market has experienced sharp declines, particularly in the const…
During her tenure as chair of the regional appeal committee, attorney Maya Ashkenazi observed a significant increase in the percentage of decisions regarding betterment levies, reaching 69% of all decisions in her last year in office. This …
Apartment owners in the Dora neighborhood of Netanya managed to change the municipality's policy regarding area additions in demolition-reconstruction projects. While the municipality had set the area addition for apartments to be limited t…
In the past year, REITs in Israel have purchased 482 apartments from contractors, indicating distress in the residential real estate market. The upcoming index update on the stock exchange is expected to leave the TA-35 index without a resi…
The Tel Aviv District Court ruled that the Tel Aviv municipal company will pay the contractor A. Elias 1.1 million shekels for renovation work at the Independence House, along with the return of approximately 500,000 shekels in withheld fun…
A 6-room penthouse with an area of 188 m² in Ashkelon was sold again for 7.5 million shekels, after the previous transaction was canceled. The penthouse is located in the "Briza" project of the Afged company, in a prestigious area east of t…
An apartment owner in Arad requested to expand his apartment by 30 m² on the roof of the building where he resides, but encountered an unexpected demand from the municipality. The request, which was in accordance with the local building pla…
The Colombian embassy in Jerusalem was recently inaugurated, but behind this event lies an interesting real estate deal. The property where the embassy operates, located on Rabbi Akiva Street, was sold to businessman Shmuel Apota, known in …
