When Numbers Lie!
Bezalel Smotrich has a tough year ahead juggling between increased fears of a recession a widening wage gap and skyrocketing real estate prices across the country.
2023 Tel Aviv Real Estate:
2022 has been year of wreckoning. War, inflation, interest rates hikes and the tech wreck. Prices of literally everything have soared to levels uncharted since the 70’s petroleum embargo. What we’ve experienced is the exact reversal of the wealth effect. Until the onset of the current global turbulences, people, bolstered by the increase of the value their real estate and investment portfolios, felt richer and spent more relative to their income.
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.
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.
Inflation Headaches
Why A Tightening Monetary Policy Will Have The Exact Opposite Effect On Real Estate Prices Than You’d Expect TL;DR Inflation is pernicious and harmful, but the remedies at hand could have more insidious side-effects. As the first post of a series exploring the forces at play in affecting the real estate prices in Tel Aviv, […]
Are Inventory Issues Worsening Tel Aviv Real Estate Prices?
The building fury Tel Aviv is currently grappling with may, over time, ease some of the supply constraints, but interest rates tightening may actually have the perverse effect of stifling the promoters and entrepreneurs and force them to abandon projects, thereby further curtailing the supply of new apartments that we so desperately need.
Q1 2022 Tel Aviv Real Estate Market Report
Q1 2022 Tel Aviv Real Estate Report Q1 2022 Tel Aviv Real Estate Report Q1 2022 Tel Aviv Real Estate Report Q1 2022 Tel Aviv Real Estate Report Q1 2022 Tel Aviv Real Estate Report Q1 2022 Tel Aviv Real Estate Report tel aviv real estate market in numbers tel aviv real estate market in […]
Q3 2021 The Tel Aviv Real Estate Market in Numbers
tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in numbers tel aviv real estate market in […]
Is real estate behaving like oil?
Now in the case of real estate in Israel, a phenomenon is occurring as I write these lines. The price of apartments in new projects to be be delivered in 2 to 4 years have been catching up with the prices of apartments for immediate delivery.
Tel Aviv Real Estate Market Report for March 2022
Tel Aviv Real Estate Market Report for March 2022 Tel Aviv Real Estate Market Report for March 2022 Tel Aviv Real Estate Market Report for March 2022 Tel Aviv Real Estate Market Report for March 2022 Tel Aviv Real Estate Market Report for March 2022 Tel Aviv Real Estate Market Report for March 2022 Tel […]
