Aug – Sep 2024 Real Estate Prices and Transactions
The latest government report on Israel’s real estate market provides a wealth of data, and as a real estate professional, I’ve distilled it into actionable insights to help buyers, investors, and sellers make informed decisions.
For Sale ⎸ Lev Ha’Ir ⎸ 1 Bedroom
The Piano House project was designed with the intention to offer you the best living experience in Tel Aviv. The project, which covers a huge area of over 3,000 square meters, contains 89 designed residential units on 6 floors above a commercial floor. Each wing of the building has a separate entrance through a luxurious lobby.
For Sale ⎸ Florentine ⎸ 2 Bedroom
Just a stone’s throw away from all the most attractive places the city has to offer! Rothschild Boulevard, Neve Tzedek, Florentine, Levinsky Market, and now also the light rail (Red and Purple lines) and the Aliyah Country Club!
ILU Birds
ILU Birds brunches are an experience that will fill you with joy. In a relaxed and laid back atmosphere, in the yard of an art and design community, ILU chefs will transport you to culinary places you didn’t think you knew.
July – Aug 2024 Numbers Tel Aviv Real Estate Analysis
The Israeli housing market is often viewed as a bellwether for broader economic trends, reflecting the intricate balance between supply, demand, government policy, and macroeconomic forces. Over the past few years, this market has navigated through periods of significant price volatility, shaped by global economic shifts, rising construction costs, and changing consumer behaviors. In this latest report, in this challenging war environment, we examine the recent developments from July to August 2024, providing insights into both national and regional trends, with a focus on newly-built housing and government-supported initiatives.
As Israel grapples with ongoing economic uncertainties, the housing market’s performance offers a glimpse into the country’s economic resilience and challenges. This analysis not only highlights the data but also delves into the underlying factors driving these trends, offering a comprehensive outlook for stakeholders, investors, and policymakers. By understanding the dynamics of housing prices, we can better anticipate future movements and address the challenges of affordability and sustainable growth.
Is The Future of Israeli Real Estate Rosy ?
Introduction
In the summer of 2024, Israel’s real estate market experienced a significant rise in property prices, despite a large supply of unsold new dwellings. According to the Israeli Central Bureau of Statistics (CBS), by the end of August 2024, 69,720 new dwellings remained unsold, with the months of supply—indicating the time it would take to sell the current inventory at the current sales pace—reaching 18.4 months. Despite this oversupply, prices continued to climb. This phenomenon, occurring during the ongoing war that began on October 7th, can be attributed to a mix of speculative buying, investor psychology, and a desire to hedge against uncertainty.
However, this article argues that, following the conclusion of the war, prices in Israel’s housing market may stabilize in the short term. Over time, as inflationary pressures ease and the oversupply is absorbed, prices are expected to rise significantly. This analysis considers both the immediate and long-term impacts of the war on Israel’s housing market, offering forecasts based on historical precedents and economic factors.
October 2024 – Bank of Israel Economic Outlook
The recent decision by the Bank of Israel to maintain the current interest rate at 4.75% underscores the central bank’s commitment to balancing inflation control with economic stability. This move directly impacts the real estate sector, making it important for buyers, sellers, and investors to understand the implications.
Miznon
A phenomenon ! Shani even took that concept to Paris, New York and Singapore where it instantly became a cult restaurant. Israeli can eat anything in a pita. Well Miznon took to concept to the extreme.
Bellboy
“The cocktail is a modern invention and is generally used on fishing and other sporting parties, although some insist that it is good in the morning as a tonic.” Jerry Thomas – ‘How To Mix Drinks’ 1862 .Redefining the bar experience since 2014
M25
M25 Forget what you know about meat… last time I was there, which i have to admit was global pandemia… I ordered something that when I courageously told the waiter, everyone around the table looked at me with fear and a sense of deference. It was young lamb’s spinal cord. I did notice it on […]
