Do Mortgage Rates have Literally Zero Effect on House Prices in Israel?
Do Mortgage Rates have Literally Zero Effect on House Prices in Israel? Standard Economic Theory tells us that if the cost of money increasses, i.e. interest rates, then we should expect assets values to come down, especially homes prices.That’s common sense. In Israel, however, rising housing prices continued to intensify in the first half year. As of March, apartment prices rose by 15.4 percent in annual terms. Alongside this development, despite a slow down in the increase of building materials costs. Our research suggests that the mortgage rates have had an insignificant impact on home prices.Let’s hypothesise on why that phenomenon occurred.
For Sale ⎸ Lev Ha’Ir ⎸ Hess 4
Rozensky House Hess 4, Tel Aviv ROZENSKY HOUSE at 4 Moshe Hess Street Tel Aviv is a three-story building located next to the corner of Allenby and Moshe Hess Streets. The building built in 1934 is within the declared area of the ‘White City’ – a world heritage and cultural site. The building is built […]
Biking in Tel Aviv
Tel Aviv Cycle Paths : It’ll Get Worse Before It Gets Amazing!
Gathering of Birds
Tel Aviv Museum of Art Tel Aviv Museum of Art Tel Aviv Museum of Art Tel Aviv Museum of Art Tel Aviv Museum of Art New Exhibition :Tel Aviv Museum of Art Shira Zelwer’s installation Gathering of Birds presents close to 400 birds standing still on the gallery floor – like a moment frozen in […]
Bauhaus Hidden Treasures: Tel Aviv’s Most Beautiful Stairwells
Tel Aviv is full of Bauhaus gems. Next time you stroll around Rothschild Boulevard in Lev Ha’Ir, just take a quick peek into some the staircases of Bauhaus buildings. The more run down, the better as they are more likely to have retained some of the original features.
Buying a New Apartment on Plan. Important Change You Must Know.
So that’s great news for buyers who are thinking of buying an apartment from a contractor. The uncertainty regarding the final price of an apartment has been partially mitigated, especially if you’ve got 3 to 4 years to wait until delivery. We do have reservations however as this new law is not addressing the fundamental reason why apartment prices went up so much in the last couple of years and beyond. If anything this policy is at best misguided and was drafted for the sole purpose of the appeasing the the discontent.
For Sale ⎸ 3 Bedrooms ⎸ Old Jaffa
Penthouse in Old Jaffa Type Duplex PenthouseInterior290m²Exterior300m² Bedrooms: 3 ensuite bedrooms Kitchens: 2 PriceEnquire Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa Historical House for Sale Jaffa […]
Tel Aviv Best Coffee Shops
Apart from being a culinary hotspot and beach destination, Tel Aviv is also densely populated with coffee shops. When I ask Israelis how they like their coffee, I almost always get the same reply: dark and strong. If that is not your cup of coffee, then head to the specialty coffee shops I am introducing in this article! Although they also tend to have at least one option adapted to the general taste preferences, they offer fruity alternatives that spin the wheel of flavours.
P.O.C. café
poc.cafe is a local cafe and eatery, born out of love for high quality home cooking. Their coffee is exquisite, their sandwiches freshly made and offer rustic homemade pastries. The atmosphere is joyful, low-key and professional. Most of all, everybody proudly wears a smile!
Does a Weaker Shekel Mean More Expensive Tel Aviv Apartment Prices?
Property, like gold, are intrinsically associated to safer investments. For foreign investors, the shekel transformation into a safer asset. Notwithstanding, the relative strengthening, it is the increased stability of the currency that attracted investors. The remarkable resilience of the Shekel despite lingering political uncertainty, the looming threats from the neighboring countries and the geopolitical shifts in the region. So our argument is that foreign buyers have continued to contribute to the increase in property prices, despite (or thanks to) the emergence of the Shekel as stable currency. A weakening of the Shekel, however, may persuade those foreign buyers to step in. Our experience on the ground shows that foreign buyers are highly sensitive to currency fluctuations, but most think that the Shekel is not a bad place to be and what better than getting exposure to it through real estate.
