Q1 2024 Reported Tel Aviv Transactions
In the first quarter of 2024, the volume of transactions continued to slow down. However, prices for high-end real estate remained relatively stable despite the tepid demand. A significant portion of these transactions occurred in the “New North” near Kikar Hamedina, an area currently experiencing urban regeneration. Several TAMA 38-2 projects, initiated before the slowdown, have recently entered the market. Developers have been actively marketing these projects, showing a greater willingness to reduce prices in response to the current economic conditions.
À Louer ⎸ Lev Ha’Ïr ⎸ 3 Ch. à Coucher
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À Vendre | 3 Ch. à Coucher | Lev Hair
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Israeli Shekel Jumps After Netanyahu Delays Judicial Overhaul
Political volatility, especially when persistent will affect the economic fundamentals, no doubt. Further depreciation of the shekel will force of the hand of the Governor of the Bank of Israel to increase the interest. However, we firmly believe in the resilience of the economy and the real estate market and in the transient nature of the current crisis.
Now is the time to increase your Israel real estate and shekel exposure
The political volatility of the recent months will definitely take a toll on the economy , but this is not the first nor the last political flare up Israel has experienced and weathered in its 75 years of existence. We firmly believe in the resilience of the economy and the real estate market.
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, […]
