Over the past month, the Israeli business press has been flooded with numerous articles and interviews concerning the state of the Israeli housing market. After seeing a steady increase in housing prices since 2007, at an average rate of 12% a year, prices rose over 15% in the last year, prompting many in the press and public to claim a bubble, due to these numbers being out of the norm for a developed country.
The head of the OECD (Organisation for Economic Co-operation and Development) was quoted saying that his organization is, “following the rise in real estate prices. […]Read more
The head of the OECD (Organisation for Economic Co-operation and Development) was quoted saying that his organization is, “following the rise in real estate prices. […]Read more
Anyone who has been in Tel Aviv over the last week has surely noticed the tent village that has sprouted up along Rothschild Boulevard in the heart of the city. What first started as a few students protesting the lack of cheap apartments for rent in the city has turned into a mini city of 100’s of families and individuals, with residents ranging from middle class families to current parliament members. Their demands? Solutions for affordable housing in the center of the city, a stop to the rise in home prices, and a reduction in the price of apartments for rent in Tel Aviv.Read more
