REAL ESTATE

In the third quarter of 2024, 24,350 homes were sold in Israel, up 31.3% from the third quarter of 2023, the Central Bureau of Statistics reports.

An internal directive recently issued by the bank sets that in a contractor deal, a payment of 20% equity from the customer will now be required, and that the contractor's balloon loan will be limited to up to 40%.

After years of objections and legal wrangling, the Tel Aviv square will have three 25-floor towers with 300 hotels rooms and 220 apartments.

With more and more acquisition deals taking place, the Bank of Israel is showing concern, but the industry is already looking beyond the war.

A selection of recent real estate deals in Israel in Rishon Lezion, Rehovot, Modi’in, Zikhron Yaakov, Tiberias and Ma’alot-Tarshisha.

Each of the partners will join together two of the apartments, in the Legacy project in Mamilla's David's Village, into two big apartments.

248 lots on Kibbutz HaOn are being sold on the open market and to reservists and disabled IDF veterans at discounted prices.

The Jerusalem District Planning and Building has been discussing the city's long term growth and transport plans.

The Ministry of Defense has published a public auction for the sale of 19 apartments worth an estimated NIS 28-30 million.

Teddy Sagi Group’s LabTech has now sold all six buildings it once owned in Holborn for overall capital gains of $500 million.

A selection of recent real estate deals in Israel in Tel Aviv, Ramat Gan, Holon, Bat Yam, Lod, and Nesher.

The malls and offices giant has made a bid for residential developer ZMH Hammerman.

The purchasers are Egged Real Estate and Nadav B. Logistics, which plan logistics centers and other projects on the three sites sold.

The Israeli income producing property company is in talks to lease out ten floors in the New York City tower.

Tel Aviv and Ramat Hasharon were the cities with the most homes worth over NIS 10 million sold in the second quarter of 2024.

The former Mossad chief has bought a 134 square meter apartment in Israel Canada's Rainbow project in Sde Dov.

A selection of recent real estate deals in Israel in Ramat Gan, Herzliya, Modi'in, Gan Yavne, Haifa and Kiryat Motzkin.

Tshuva and David Zvida are buying 31.6% of developer Cielo Blu, formerly Hanan More, which completed a debt settlement last month.

A selection of recent real estate deals in Israel in Jerusalem, Kfar Shmariyahu, Petah Tikva, Elad, Sderot, and Eilat.

A selection of recent real estate deals in Israel in Ramat Gan, Holon, Kfar Saba, Ness Ziona, Pardes-Hanna-Karkur and Dimona.

Annual inflation in Israel has fallen slightly to 3.5% as housing price rises moderate, the Central Bureau of Statistics reports.

The 24 year-old member of the Monaco-based Jewish billionaire family has bought a 330 square meter apartment covering half the 37th floor of the Tel Aviv tower.

The residential real estate company controlled by Israel's wealthiest developer Yigal Dimri has taken substantial steps to boost its market cap.

The average monthly rent for an apartment in Tel Aviv in the second quarter of 2024 was NIS 7,000, up 4.9% from the second quarter of 2023, the Central Bureau of Statistics reports.

Investors who buy large numbers of apartments are abandoning Israel's real estate market, according to the August 2024 survey by the Ministry of Finance chief economist.

It may be too early to draw firm conclusions, but new home sales were 20% lower in August than in the preceding three months.

The Ministry of Finance proposes raising the rate of the surtax on passive income and expanding its applicability in home sales.

The seafront project, known locally as the Dolphinarium towers, comprises two 25-floor buildings - a hotel and an apartment building.

If enacted, measures proposed by the Ministry of Finance to raise revenue will be costly for people buying and selling apartments.

The loan will finance construction by Anan Data Centers of a server farm beside Kibbutz Tsor’a with an eventual output of 32 megawatts.