It was the talk of this year’s Globes Real Estate Conference held in February in Tel Aviv. This conference is organized every year by Globes, Israel’s business newspaper. Everyone who is anyone in Israeli real estate attends. Yoav Galant, the Minister of Housing, declared that the prices of high end
Residential Real Estate
The rise in apartment prices in Israel over the years has caused many a sleepless night for many people. On the one hand many young couples are unable to purchase apartments due to the high prices. On the other hand many people are able to buy apartments as an investment.
If you are thinking of buying an apartment in an old building perhaps you should think again. Many municipalities are demanding of apartment owners in old buildings that they renovate the façade of their buildings – at their expense, and boy is it expensive. If you can afford it you
Anyone who has ridden the rails in large cities such as New York knows that very often the underground train stations are like cities unto themselves with many square meters of stores, coffee shops and restaurants. We have not seen this in Israel – yet. Sometimes the train station will
Recent promises by the government for a change in legislation has caused a freezing of many projects. This is especially hard at a time when everyone is waiting for a lowering in real estate prices. One such “promise” is the exemption from V.A.T. for certain purchasers acquiring apartments in new
The success of many a real estate deal is connected to the question of when to buy. If you buy at a low price and sell at a high price you’ve made a profit. I haven’t discovered America here. The question is how to pay little and sell for a
I remember a time when the prices of second hand apartments were always linked to the U.S. dollar. This was because the Israeli currency was always sliding against the U.S. dollar and other currencies. This made the purchase of apartments by foreigners a lucrative deal for them and for Israelis