Real Estate

Central Bureau of Statistics (CBS) has reported a significant downward trend in new apartment construction starts in Israel. The latest data reveals a stark decline, with only 13,290 new apartments commencing construction during the second quarter of this year

Rublic transportation in Israel is set to operate in an emergency mode over the upcoming weekend, with limited details available, as confirmed by the Ministry of Transportation. Last week, the Ministry announced a limited schedule for the weekend just hours before services began. It is expected that the public transportation services for this Friday and Saturday will resemble the ones provided last weekend, where certain bus lines extended their hours until 10:00 p.m. on Fridays and began operations at 6:00 a.m. on Saturdays

In response to the severe shortage of over 75,000 Palestinian workers in the Israeli construction industry, the government has swiftly approved an increase in foreign worker quotas from 30,000 to 50,000. This decision was made through an urgent telephone referendum, with the additional workforce being allocated in four increments of 5,000 foreign workers each, contingent on the actual staffing needs of each increment

In a crucial move to finance ongoing military operations, Finance Minister Bezalel Smotrich has announced the addition of NIS 13.5 billion to the 2023 budget. The decision, revealed in a letter to the Ministry of Finance, outlines a strategy to redirect a portion of coalition funds to support the war effort

The latest data from the Central Bureau of Statistics underscores the severe challenges faced by the real estate sector, pointing to a historic low in new apartment sales. In October, amidst the outbreak of war, a mere 930 new apartments were sold, with only 89 benefiting from government housing programs and discounted rates per resident

In a recent report from the Chief Economist Division at the Ministry of Finance, November 2023 witnessed a partial rebound in housing market activity compared to the previous month. However, the numbers remain alarmingly low, marking the lowest level of transactions recorded in November over the past two decades

In a recent review published by the Division of the Chief Economist in the Ministry of Finance, the residential real estate market in January 2024 displayed significant signs of recovery, particularly in the segment of new apartments

In a report released today by the Chief Economist Division of the Ministry of Finance, February's real estate transactions depict a nuanced picture of recovery, particularly in the new apartment market. Despite challenges posed by the ongoing war, the data suggests a gradual rebound in certain segments of the housing sector

Data released by the Central Bureau of Statistics (CBS) reveals a robust performance in Israel's real estate sector, with April witnessing a notable surge in apartment sales despite a seasonal slowdown attributed to the Passover holiday. While the month recorded 6,892 apartment sales, marking a 13% decline from March figures, analysts assert that when adjusted for seasonal effects, April actually witnessed a 3.7% increase in sales compared to the previous month. Market Adaptation to New Interest Rates Spurs Growth A stark contrast is drawn to April 2023, where only 3,863 apartments...

The Israeli mortgage market continued its upward trend in August, with total mortgages reaching NIS 8.36 billion, according to Calcalist estimates. This marks a 19.2% increase compared to August 2023 and a 32% rise compared to the 12-month average of NIS 6.32 billion