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.

Mortgage taking last month fell slightly from May but was 18% higher than June 2023, the Bank of Israel reports.

A survey by the Ministry of Finance chief economist found that investors are buying more homes than at any time since the purchase tax was raised in 2021.

The Israeli businessman will merge the apartments in Israel Canada's Rainbow project in Tel Aviv into one 550 square meter apartment.

It has become a NIS 1.5 billion market, but if you're thinking of buying land in the expectation of rezoning, be very wary.

A selection of recent real estate deals in Israel in Beit Shemesh, Bnai Brak, Givat Shmuel, Netanya, Rekhasim, and Beersheva.

The appointment follows the resignation of Tamir Cohen amid a power struggle with controlling shareholder Naty Saidoff.

Three major leases signed last week by tech companies for office towers have boosted the Tel Aviv market, but surrounding cities are struggling to attract tenants.

Shelly Landsmann has teamed with the Levinstein Group and UK firm Goldacre to build a server farm on the 13,500 square meter former Cellcom site in the Poleg Industrial Zone.

CEO Tamir Cohen was at loggerheads with controlling shareholder Naty Saidoff over the performance of the Israeli infrastructure and real estate company.

A selection of recent real estate deals in Israel in Tel Aviv, Or Yehuda, Beer Yaakov, Harish and Akko.

The cybersecurity company, which has already leased 19 floors in the 42-floor Tel Aviv tower, is greatly expanding its presence in Israel.

Bank Leumi Mortgage Division head Uri Yonissi told the Globes Talking North Conference that there is a boom in interest from potential immigrants.

This is a further example of how Israel's venture capital sector has moved from its traditional center in Herzliya to the Sarona district of Tel Aviv and the surrounding streets including Ha'arba'ah Street and Menachem Begin Street.

Google will pay NIS 155 million annually for the space in the ToHa2 tower under construction by Amot and Bayside.