The price for the 815-sq.m. triplex at 46 Frishman St. is one of the highest in Israel. A foreign resident from a Western European country has exercised his option to buy the rooftop triplex at the Frishman 46 project in Tel Aviv for NIS 71 million. The 815-square meter triplex, on the building’s 28th through [...]

Prices in the project range from NIS 40,000 to NIS 80,000 per square meter. A foreign resident has bought a 145-square meter apartment on the 15th floor of the Meier on Rothschild buildingunder construction at the corner of Rothschild Boulevard and Allenby Street in Tel Aviv. The price was NIS 7.5 million, or NIS 52,000 per [...]

Seven apartments were also sold in Jerusalem’s Mishkanot David project. An apartment on Benjamin Metudela Street in Jerusalem’s luxury Rehavia neighborhood was sold for NIS 3.85 million, according to the Israel Tax Authority database. Details of the apartment, the buyer and seller were not disclosed. Apartments in the downtown neighborhood are among the most expensive [...]

The building is in walking distance from the Old City and the Western Wall. An American Jewish family has paid NIS 5.3 million for a four-room apartment on Jabotinsky Street in Jerusalem’s Talbieh neighborhood. The buyers paid NIS 35,000 per square meter of built space for the 149-square meter third-floor four-room apartment with a 20-square [...]

Second-hand apartments sold Tel Aviv and central region Tel Aviv: An 85-sq.m. four-room apartment on Tirat Zvi St., Nahalat Yitzhak, was sold for NIS 1.6 million (Re/MAX). Petah Tikva: A 70-sq.m. three-room apartment on Fogel St. was sold for NIS 660,000. An 80-sq.m. three-room apartment on Bialik St. was sold for NIS 815,000 (Anglo-Saxon). Kfar [...]

40% of mortgage holders in Israel are concerned about their ability to repay the loan, “IDF Radio” (Galei Zahal) reported today based on a survey by Shiluv Millward Brown. Mortgage holders are particularly worried by possible future interest rate rises by the Bank of Israel, which would make their mortgages more expensive. Last month, the [...]

Bank of Israel expects house prices to continue rising over the coming year, albeit, at a more modest pace. This prediction was presented by the Bank of Israel during the monetary discussions last month, when the central bank surprisingly decided to raise the interest rate by 25 basis points to 1.75%. All the members of [...]

The Knesset Finance Committee today approved a NIS 30 million transfer to the claims committee for damages arising from the building freeze in Judea and Samaria, which was declared nine months ago. Knesset Finance Committee chairman MK Moshe Gafni (United Torah Judaism) said that this was an initial amount. He added that he hoped that [...]

Supervisor of Banks Rony Hizkiyahu has rejected a request by MK Carmel Shama (Likud) to ease mortgage requirements for people eligible for Ministry of Housing and Construction benefits. Shama appealed to Hizkiyahu two months ago, when Hizkiyahu toughened the terms for mortgages by raising the amount of capital a mortgage applicant must provide to buy [...]

The average nominal price of an apartment in Israel was 3.2% higher in the second quarter of 2010 than in the preceding quarter, and 17.2% higher than in the corresponding quarter of 2009, the government assessor reported today. The Consumer Price Index (CPI), excluding housing, rose by 2.2% between the second quarter of 2009 and [...]