Category: housing
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Foreign residents dominate Jerusalem city center housing market
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There was a discussion two years ago about the Azurim plan to convert the workshops and offices area at Yermiyahu Street and AHHOLIAV Street near the western entrance to Jerusalem to 14-20 residential floors. Looking at the plans, the Planning and Building Committee in the Jerusalem County, between the President…
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Meitav sees Israel housing prices falling
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More Israeli families are expected to prefer to rent a house instead of buying their own apartment, and the consequences will be negative, as Alex Zbsinski, chief economist in the Investment Council. In his weekly poll of the Israeli economy, Zabashinsky wrote, “Since 2021, only the first three families can…
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January CPI reading lifts inflation, housing prices rise
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The consumer price index in Israel (CPI) increased by 0.6 % in January, according to the numbers issued by the Central Bureau of Statistics today. It was expected to increase analysts with an increase of 0.5 % -0.6 %, after the consumer price index decreased by 0.3 % in December…
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50% of housing deals in 2024 were developer loans
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There were 11261 housing deals in December 2024, and the largest reports of the Ministry of Finance, the highest number since March 2022, where many buyers rushed to buy new homes before the value -added tax increased from 17 % to 18 % on January 1, 2025. In total, there…
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Housing price rises gain momentum
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Housing price increases in Israel have gained renewed momentum, and unlike previous months, when most of the increases came from used apartments, in the last few months of 2024, a change in trend became evident, with most price increases recorded from new apartments. It appears that the increase came in…
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Jerusalem records Israel’s most expensive housing deals
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This year, instead of summarizing the year in the luxury housing market, Globes lists the most expensive deals in Israel’s 10 largest cities. In comparing cities, Jerusalem surprised this year by recording the largest deals in Israel, while Tel Aviv came in second place by a large margin. However, since…
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Why a housing market ‘thaw’ never came in 2024
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Wall Street analysts had hoped the housing market would show signs of life in 2024. Instead, it remained stagnant. The reason is largely related to the bumpy path for mortgage rates this year coupled with low supply and record home prices. In January, the average interest rate on a 30-year…
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UK CEOs Pick AI, Housing and Space Mines as Some of 2025’s Biggest Themes
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Breadcrumb links BMN Business It’s been a busy 2024: Donald Trump was elected again, interest rates fell and geopolitical tensions intensified. As the new year approaches, Bloomberg News spoke to dozens of British CEOs about what to look out for in 2025. With insights from bosses from a range of…
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Gensler reveals 2025’s hottest design trends: mixed-use districts, affordable housing, better offices
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One of the world’s largest architecture firms says it feels a sense of “optimism and engagement” heading into 2025, driven by slowing inflation, upcoming interest rate cuts and a growing drive among developers to start investing money again. On Thursday, US-based Gensler unveiled its “Design Forecast,” which outlines the trends…
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Gensler reveals 2025’s hottest design trends: mixed-use districts, affordable housing, better offices
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One of the world’s largest architecture firms says it feels a sense of “optimism and engagement” heading into 2025, driven by slowing inflation, upcoming interest rate cuts and a growing drive among developers to start investing money again. On Thursday, US-based Gensler unveiled its “Design Forecast,” which outlines the trends…
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Office space in Rishons Eleph project rezoned for housing
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The National Subcommittee for Office Rezoning into Housing has halved the space allocated for offices in the southeastern section of the Elif complex in Rishon Lezion, allocating it instead to the construction of 113 small apartments. This is the Subcommittee’s first resolution since its establishment in November 2021. The Subcommittee…
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Housing market outlook: Mortgage rates to stay around 6%
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Mortgage rates may remain stuck in a narrow range around current levels and will not decline sharply any time soon. Before the Fed cut interest rates, mortgage interest rates had dropped dramatically near what some considered the “magic number” of 6% which would revive a sluggish housing market characterized by…
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Australian housing finance data, August 2024: Home loans +0.7% m/m (prior +2.9%)
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High risk warning: Foreign exchange trading involves a high level of risk that may not be suitable for all investors. Leverage creates more risk and exposure to loss. Before deciding to trade foreign exchange, carefully consider your investment objectives, level of experience and risk tolerance. You may lose some or…
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Housing crisis: America needs to ‘build, baby, build’
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Supply is the heart of the housing problem—we’re missing millions of homes. Mortgage rates are also important, but not nearly enough. Nick Villa, an economist at Moody’s, has said that lowering interest rates won’t solve the housing crisis. Now that the Fed has cut its key interest rates by a…
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Moving IDF bases tops gov’t housing plan
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Evacuating IDF bases, moving the Volcani Institute – the Agricultural Research Organization from its campus in Beit Dagan, and reducing the size of the Mikveh Israel Agricultural School are at the top of the government’s housing plans for 2025. This is alongside extensive plans to increase the housing supply through…
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Explaining Israel’s housing market paradox
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The least significant element in the CBS housing price figures is the annual rise between July-August 2023 and July-August 2024, the most recent period for which data is available. In that year, housing prices rose by 5.8%. But the Israeli real estate market after November of last year is not…
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Housing crisis leaves 21 hopeful tenants battling for each rental property
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The UK rental market is facing a severe crisis, with an average of 21 potential tenants competing for every available property, while the number of homes available to rent continues to shrink. According to Zoopla, a leading property search platform, the availability of homes for rent is now 24% lower…
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Foreign residents gradually returning to Israel’s housing market
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Some 28,000 Jews have immigrated to Israel since the start of the war, according to figures from the Ministry of Aliya and Integration. Estimates are that a few more thousand will arrive by the end of 2024, meaning there is a significant decrease from the 46,600 immigrants in 2023. Alongside…
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Recovery in housing sales continues
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According to the latest housing market survey by the Treasury’s chief economist, 8,909 homes were sold in July 2024, up 29% from July 2023, mainly due to special discount offers offered by builders. The survey shows that the market recovery is continuing, although it should be noted that July 2023…
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Labour’s affordable housing plan ‘needs more flexibility,’ say small developers
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Labour’s plan to require developers to build affordable housing on at least 50% of “grey belt” land could make 80% of small development sites unviable, according to research by technology firm Viability. The study suggests that reducing the requirement to 35% would significantly improve viability, making 30% of sites viable…