Real Estate

Hundreds of Tel Aviv apartment owners with plans to strengthen and enlarge their buildings will be left in limbo after TAMA 38 expires next month.

A 243 square meter penthouse has been sold in the Hagag Group’s (TASE: HGG) Port TLV Residence project for NIS 36 million.

Eighteen months after US Jewish businessman Gary Barnett bought land owned by the Greek patriarchate for NIS 750 million there has been no practical progress.

Researchers Sani Ziv and Oren Shapir of the Aharon Institute for Economic Policy recommend long-term integrated housing and transport planning.

Between June 2023 and June 2024, the number of homes offered for rent fell by nearly 30%, according to WeCheck.

A selection of recent real estate deals in Israel in Ramat Gan, Bat Yam, Holon, Ramat Hasharon, Ramat Yeshay and Beersheva.

The Templar house at the corner of Yitzhak A. Cremieux Street and Yochanan Smuts Street, slated for preservation, was bought by a family that immigrated to Israel from the US 10 years ago.

Local construction companies are concerned about the Ministry of Construction and Housing's policy of encouraging more foreign companies to build in Israel.

Housing prices in Haifa district have risen 7.5% since the start of the war, and it is now difficult to buy an apartment in the city for less than NIS 1 million.

Tel Aviv still leads the market for homes costing NIS 10 million or more, while Jerusalem has pushed Herzliya firmly into third place.

Inflation remains within the Bank of Israel's annual target range, the Central Bureau of Statistics reports.

In 2021, SolarEdge signed an agreement with Azrieli Group for construction of a 43,000 square meter campus at Glilot. Now, the company is reportedly about to carry out a further round of layoffs.

The Israeli infrastructure and construction company has sustained heavy losses in Nigeria due to the sharp depreciation last year of the Nigerian naira.

There were 22,610 housing deals between March and May 2024, the Central Bureau of Statistics reports.

For the first time since the 1990s more Israelis are leaving Tel Aviv than moving there.

A selection of recent real estate deals in Israel in Rishon Lezion, Beer Yaakov, Rosh Ha'ayin, Elad, Rehovot and Bnei Ayish.