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The monthly review of the chief economist at the Ministry of Finance, Shira Greenberg, published, reveals unsurprising data for May, when there was another increase in the purchase of apartments throughout Israel. In May, 12.5 thousand apartments were purchased, an increase of 40% compared to May 2019 and an increase of 15% compared to last April. Comparing the level of transactions in the free market last May to its counterparts in the last twenty years, it is found that this is the second highest level, and is only ahead of the level of sales in May 2013. In the market segment of new...

The Competition Authority approved the transaction for the acquisition of control of Partner by the Gabay, Rodev and Phoenix Groups. This removed another obstacle although expected to complete the transaction. Avi Gabay, Shlomo Rodev, Phoenix, Menora and Mori Arkin buy 27% of the communications company Partner from Hong Kong Hutchison for $ 300 million. The group is now waiting for a permit from the Ministry of Communications to complete the move. The estimates in the capital market are that the group will not have difficulty obtaining the permit from the Ministry of Communications and...

Over-planning, excess supply in the periphery and a severe shortage of apartments in areas where most Israelis want to live - these are the main problems arising from a follow-up report published by the National Economic Council in the Prime Minister's Office for the 2040-2017 strategic housing plan. According to the report, edited by Nir Brill, Daniel Schwartz, Avraham Zofnik, the most acute shortage among Jewish localities in Israel is in the heart of the demand areas - in the Tel Aviv and Central districts, where more than 70,000 housing units are missing. Last week by the Central...

On Saturday evening for the eighth week in a row, many Israelis demonstrated at bridges and intersections across the country in protest of the conduct of the government and its leader - Benjamin Netanyahu - regarding the economic crisis. Also, many thousands protested in front of the prime minister's residence in Jerusalem, under the headline "We are the hope - voting with our feet," and hundreds demonstrated near his home in Caesarea. One of the signs read: "When will you make peace between us?". At the same time, police announced that they had arrested a Hadera resident on suspicion of...

The Corona crisis has led to a fall in real estate deals for the purchase of residential apartments last April that has crossed all market segments - young couples, investors, and housing enhancers - according to the chief economist's review of the housing sector in April, published Thursday. The total number of transactions was only 2,100 apartments - the lowest level recorded in the domestic real estate market at least since the early 2000s. The last 20 years. The review noted that the unprecedented slump in the number of transactions was recorded against the backdrop of the Corona...

Surprising recovery in the housing market: A survey by the Chief Economist of the Ministry of Finance shows that in June there was a record sale of apartments since the outbreak of the crisis. The increase was also recorded compared to June last year. Total transactions last June amounted to 10,900 - an increase of 16% compared to June last year. After deducting price-per-tenant sales, 9,100 transactions were recorded in the free market - an increase of 11% compared to the corresponding period. 4,200 new apartments were sold in June, the highest monthly number since the beginning of the...

The employment rate in the economy has fallen from 61% to 50% since the beginning of the crisis - but this figure does not reflect the intensity of social disparities: the employment rate of the bottom quintile of income was 29% lower in October relative to the eve of the crisis, compared to only 6%. In the top quintile. That is, the decline in employment among the weakest was 5 times greater than that recorded among the strongest. This emerges from a review of the effect of the second closure on the labor market published today (Sunday) by the chief economist at the Treasury, Shira...

In the third quarter of this year, Strauss reported a notable increase in sales, reaching NIS 2.67 billion, marking a 7.3% rise compared to the corresponding quarter. However, the company's profitability is under pressure, with a net profit of NIS 120 million, significantly lower than the NIS 204 million in the third quarter of 2021