About a year and a half ago, I remember seeing an article in Globes about the promise of a rise in prices of apartments in the neighborhoods surrounding the Tel Aviv Central Bus Station. The head of the Israeli Appraisors Association was even quoted as predicting that the price of
A recent poll prepared by Globes and Azimot shows that most Israelis polled were looking to purchase three room apartments instead of four room apartments whereas in the past more people chose to purchase four room apartments. According to the poll only 44% of apartment hunters were looking to buy
An article in the March 11, 2012 edition of “Globes” newspaper reported that 10 percent of Israelis do not rule out buying an apartment in the next six months, based on a study conducted by “Globes” in conjunction with PwC Israel. This figure represents an increase from January 2011 when
Experts predict that there will be a major earthquake in Israel at some point in the foreseeable future. This is especially worrisome because many buildings in Israel were constructed before 1980 when building codes were changed mandating the construction of stronger buildings able to withstand an earthquake. If these older
Apartments in Israel are registered in the Israeli Land Registry as condominiums, or “Bayit Meshutaf” in Hebrew. Within every “condominium”, each apartment is registered as a separate entity, while the outer walls, lobby, elevator, stairway, garden etc. are considered communal property. Certain areas can be taken out of the communal
A joint survey recently conducted by the Israeli business publication Globes, the advertising and marketing company Azimut and marketing research experts Mutagim Research and reported in Globes, revealed a surprising shift in priorities of the Israeli apartment buyer. While the average Israeli apartment price has yet to fall below 1,000,000
Let’s say you’ve purchased or are about to purchase an apartment in Israel and you discover that it’s not built in accordance with the building permit. Or perhaps you own an apartment and are considering expanding but don’t want to spend the time or money on the legal issues. What’s
What do you do if you have an apartment that you don’t want to live in, or rent out for residential purposes? You go to the local municipality and ask for permission to change the use of the apartment to something other than residential use. In the past, municipalities were
