December 14, 2010 Market Update
So who is buying apartments these days? As 2010 winds to a close, it’s not so easy to be a buyer in Tel Aviv. In order to enter into any real estate transaction one needs a certain degree of security, and it’s hard to have any sense of security when every day there seems to be a new article in any one of the newspapers here in Israel or elsewhere in the world, none of which says the same thing. One paper, for example, last week remarked, “Is the Real Estate Market cooling? 3rd Quarter sees a drop in real estate transactions to its lowest point since 2006.” Meanwhile, just the very next day, another paper’s headline read, “Is the joy a bit premature? The real estate bubble is beginning to inflate as demand for apartments jumps 13.7% in October.”
