The Meretz party has left the Jerusalem City Council over a plan to evict Arab squatters from illegal homes in the King’s Garden and upgrade the Shiloah (Silwan) area. The project, approved Monday, entails a major renovation in which 22 illegally-built Arab homes are to be demolished and replaced with modern electric, water and sewage [...]
Jerusalem Mayor Nir Barkat on Sunday unveiled an initiative to make housing in the capital more affordable. “Young people are the oxygen fueling the future of Jerusalem,” Barkat said. “I have no doubt that this revolution, together with the cultural, educational and financial reforms we set in motion, will play an important role in stopping [...]
Warnings about a bubble in Israeli property prices don’t seem to have moved buyers: Prices have continued to rise.
Buying property in Israel may be a wise investment. However one should be aware of the local laws, regulations and tax liabilities when taking steps towards a purchase, in order to bypass the potential pitfalls. Did You Know? Unlike other countries, in Israel it is legal for a lawyer to represent both the buyer and [...]
If location is said to be the most important factor in choosing an apartment, then this one wins hands down. It’s in the German Colony, in a quiet side street off one of Jerusalem’s most dynamic thoroughfares, Rehov Emek Refaim. It’s a minute’s walk from the busy tourist attraction with its many cafes and gift [...]
The freeze imposed by the Israeli government on construction for Jews in Judea and Samaria has had an unforeseen effect: it has raised Jewish demand for housing in northern Jerusalem, thus raising prices there and blocking the Arab influx to these neighborhoods. So said Aryeh King, who heads the Israel Lands Fund and is a [...]
Price rises are ‘real’, finance minister says in Association of Contractors and Builders convention. Regarding migrant labor quotas, Steinitz promises to discuss issue
Mamon and WinWin real estate index show 5% decrease in second-hand apartments in major cities. One main reason for drop is peak in apartment prices
In the last two years there was an increase of 56 percent in the extent of new mortgages taken, and house prices increased by more than 30 percent. The low rate of interest at the beginning of 2009 and the expectation that it would continue to decline diverted mortgagors towards unindexed floating-interest mortgages; these mortgages [...]
Almost 90 years after it was founded, a Tel Aviv neighborhood is searching for its identity.
The 13 Facts That You Absolutely Must Know Before Buying A Home In Israel