Israeli Mortgage Interest Rate Rises, Yet Again…

Now let’s face it, mortgage rates in Israel aren’t exactly the most interesting thing in the world to most us outside of finance, but they’re sure as hell really important nonetheless. Here’s what you need to know—they’ve risen, yet again. Due to new regulations from the Bank of Israel (Israel’s Central Bank) in an effort to cool the hot housing market, the retail banks of the nation are in a frenzy coming up with a number of new regulations and rates, the majority of which are of no help to most us.

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Israeli Housing Prices Up 15.3% In 2011

Israeli Housing Prices Up 15.3% In 2011

The Israeli Central Bureau of Statistics reported this week a number of interesting figures in regards to our real estate market here in Israel. Despite […]Read more

Israeli Housing Market Index Hits a 6 Year Low

Israeli Housing Market Index Hits a 6 Year Low

The Mishkan Housing Market Index, a monthly index that measures the financial conditions of the Israeli Housing Market, hit a 6 year low in December 2010, the lowest since October 2004. The index is made up of 4 factors; the Israeli average salary, the unemployment rate, national apartment prices, and the mortgage interest rate. According to Bank HaPoalim, “the prices of homes in Israel rose 14.7% in the preceding 12 months. Since the last low point in 2007, prices has risen 38% in real terms”. That being said, the index has fallen 21% from its high point of 171 points in July 2008.Read more

Is Buying New the Way to Go in Tel Aviv?

Is Buying New the Way to Go in Tel Aviv?

As both a new comer or a veteran to the Tel Aviv real estate market, you may have found yourself asking yourself this very question. In a market where the newest and most modern apartments fetch the highest prices, way above market value, many home buyers and investors find themselves willing to wait the 2 to 3 years that many new projects require until you’re able to call your new home, “home”. Just as many, of course, find it difficult to justify the wait time, for both practical and market reasons.Read more

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Independence Day 2011 Guide

Independence Day 2011 Guide

Israeli Independence Day (Yom Haatzmaut) is this Monday night through Tuesday night, and there is plenty to do here in Tel Aviv! Read this guide […]Read more