Real Estate Blog

No substantial decrease in housing prices (3/4/2016)In an article published yesterday in Globes [online] Israel Business News, Israeli Finance Minister, Moshe Kahlon, foresees no substantial decrease in housing prices in the near future. “‘We are at the height of our work on real estate prices,’ Kahlon remarked. ‘We are flooding the market with land, and are conducting buyer fixed price tenders […]Read More
Israeli mortgage rates on the rise (2/14/2016)Mortgage interest rates in Israel shot up in February. The average rate on index-linked mortgages rose to 2.85%, which compares with 2.66% in January and 2.58% in December, according to Bank of Israel figures. Since June 2015, when the rate was 2%, there has been an almost constant rise. The rise in mortgage rates is […]Read More
Buying A Home in Jerusalem (12/29/2015)For many potential foreign buyers, the decision to make a home purchase in Israel, and in Jerusalem more specifically, is filled with a certain amount of anxiety.  Local customs and requirements are different than in the buyer’s home country.  There are currency issues, timing issues and legal issues to overcome.  Many foreign buyers don’t have […]Read More
Jerusalem’s Housing Market (12/29/2015)In the last week of February, the Chief government appraiser, Tal Eldorati, published quarterly figures on real estate prices for the last quarter of 2013 and for the year as a whole. The price of an average four-room apartment at the end of 2013 amounted to NIS 1.76 million; unchanged in relation to the average […]Read More
Southern Jerusalem Neighborhoods (12/29/2015)Speculation is in the air regarding the effect that the new proposal by Finance minister, Yair Lapid, will have on housing prices.  In central Jerusalem, land is scarce so new construction is rare, and those projects that are being built are catering to the luxury end of the market, with prices starting at NIS 30,000 […]Read More