Real Estate

Harish is the growing city in Israel. The survey was carried out over the past five years and the data collected indicate that in the past five years 2,367 dwellings have been built for every 1,000 residents in the city. The investigators noted that Harish began to settle only a year and a half ago, and despite that, the rate of occupancy in it compared to other places is enormous

The house price index for August-September rose by 0.1% compared with the July-August index, followed by housing prices in the last 12 months, a decrease of 1.9%. New home prices fell by 0.6 percent in August-September and the rate of government-sponsored transactions (occupant price and target price) was 34.1 percent

Jerusalem continues to deteriorate in the socio-economic index: the capital fell within a decade from the fourth cluster to the second cluster. It is located in the 50th place of the end and falls to the lowest quintile of local authorities in Israel, according to the Central Bureau of Statistics (CBS). All 11 municipalities that were in the lower cluster of the socio-economic index in 2013 remained there. All ten municipalities located in the two upper clusters also remained there. Only two authorities are located in the tenth cluster by the way, first Savyon, followed by Kfar Shmaryahu

he Electra Group, controlled by Daniel and Michael Salkind, is entering the real estate sector, but not in Israel but in the US. It is acquiring two contracting companies that deal with the electro-mechanical field in New York. According to the agreements signed, Electra is acquiring 51% of the share capital of Hellman Electric and Gilston Electrical. The two companies are contractors in the field of electrical works in New York City. The total investment is estimated at NIS 155 million. Investors on the Tel Aviv Stock Exchange are happy for the time being, sending Electra Group shares up 2%

Legislative amendment to fight construction accidents is expected to receive a green light from the Justice Department soon. This memorandum of law will allow the Ministry of Housing to revoke a license from a contractor whose site caused a fatal accident that resulted in death The bill will include a work stoppage on all contractor job sites. The bill's memorandum, drafted by Construction and Housing Minister Yifat Shasha-Biton (all of us), is already provoking anger among contractors who fear the severe crackdown. According to estimates by officials, the Justice Department is expected to...

Between July 2018 and June 2019, there was a 6.4% increase in the number of dwellings under construction, compared to the 12 months prior to the period under review. This is what data from the Central Bureau of Statistics (CBS) published. According to the figures, in the said year construction of 51,890 apartments began, compared with 48,750 apartments which began construction in the previous 12 months. The CBS survey shows that construction data also showed a slight increase of 2.1%: in the 12 months beginning in July 2018, construction of 50,380 apartments was completed, compared to...

At the end of a government meeting held today, it was decided unanimously to extend a price plan to the resident by the end of 2020. To this end, the Ministry of Construction and Housing will allocate NIS 36 million from the development budget and public institutions. Minister of Construction and Housing, Yifat Shasha-Biton, submitted the proposal to expand the plan after it was approved by the Israel Lands Council last November - and has now received final approval. It should be noted that since this is a transitional government, the court's consent is also required.

Buyers in based neighborhoods pay the lowest average interest rate on the mortgage, while low-income neighborhood buyers pay the highest interest rates on average. This is according to a study published by the Bank of Israel. The study, conducted by Dr. Natalia Pressman and Dr. Nitzan Tzur Ilan of the Bank of Israel Research Division, attempted to examine the impact of various factors on determining the interest rate to reflect the risks posed by regional housing market characteristics. The analysis is based on over 80,000 mortgages provided by the banking system in 2013-2010 and the...

The accidents at the construction sites. On Thursday, two workers were killed in two different accidents in Beer Yaakov and Lachish. Even before those accidents, the number of fatalities for 2019 has peaked compared to previous years, at this time the number of fatalities this year is 45 compared to 39 in 2018 and 36 in 2017. The increase in the number of accidents continues despite the fact that several measures were supposed to have been taken that were intended to reduce the extent of the injured and killed, but in practice the safety issue has not yet penetrated to the level of the...

2019 will continue the downward trend in construction starts. Although in the first three quarters of the year construction starts were 4% higher than those recorded in the corresponding three quarters in 2018, the data is very far from the 2016 peak data, according to the Central Bureau of Statistics (CBS) data released today. Following much criticism of major updates on construction startup publications, the CBS changed its flow rate, and as of January 2019, they are based on the Bureau's Field Survey only, as opposed to previous years, so comparing 2019 data to its predecessors is a...