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Real Estate in Israel

  • Israeli companies want to invest in Serbia Real estate

    ISRAEL, 2015/05/02 Israeli companies increasingly want to invest in Serbia, which best indicates that Serbia is on a good path out of several years of economic crisis, Israel's Ambassador to Serbia Yossef Levy said in Belgrade on Thursday. Israeli companies are mostly interested in construction of real estate property, retail parks, hotels and other facilities, inclunding in cooperation in the agricultural and IT sectors, Levy said.

  • Israeli design house spreads smiles worldwide

    ISRAEL, 2014/12/21 You cannot help but smile at the same time as you see Charging Charlie and other fun and useful Israeli designs sold in additional than 20 nations through the Monkey Business brand in Tel Aviv. “As an industrial design student, I at no time thought I could really change the world, but to make people smile gives me a lot of satisfaction,” says Monkey Business founder Oded Friedland, a surfing enthusiast who began his career designing Gazoz surf wear. “I don’t think people smile enough, and it could be that we’re creating millions of smiles at the same time as you consider all the people who see our items and buy our items and all the people who receive them as gifts.”   Monkey Business has been adding the additional to the ordinary since 1994, providing fresh perspectives on practical, useful, durable products for everyday needs at home, in the office and outdoors. The initial concept was to provide affordable products in upscale stores, and that holds authentic till today.

  • "Home prices mean Israelis cannot make ends meet"

    ISRAEL, 2014/12/20 According to the National of the Country Society, Economy, and Policy in Israel statement by the Taub Center for Social Policy Studies, edited by Prof. Dan Ben-David, in each sector, high housing prices are preventing an average Israeli family from making ends meet. At the same time, despite the steep rise in housing prices in recent years, the proportion of households living in housing that they do not own fell from 27.7% in 2006 to 26.5% in 2012, and the proportion of households owning two or additional apartments almost quadrupled. Construction of a residential building in Israel takes an average of 13 years: two years for construction and 11 years for bureaucracy. Approval by a District Building and Planning Commission takes an average of five years, and approval by a Local Building and Planning Commission takes an average of three years. The maximum time period needed to obtain a building permit in European Union nations is 8-12 weeks.

  • New home sales was down 24% in Jerusalem and 20% in Tel Aviv

    ISRAEL, 2014/08/31 The number of new home sales was down 24% in Jerusalem and 20% in Tel Aviv. The number of new homes sold in Israel in the initial half of 2014 was down 21.7%, the Central Bureau of Statistics reports. In July the number of new apartments was 2,530 of which 1,450 were sold to the public and 1,080 remained unsold. 52% of new apartments were built on privately-owned land. The number of new apartments built in the initial half of 2014 was 20.6% lower than in the corresponding period of 2013.

  • Still, there is a shortage of affordable housing while rents in established neighborhoods are rising.

    ISRAEL, 2013/02/02 Better than expected economic increase is fueling a rise in home prices and stronger property request in Israel these days. Despite daily fears of violence and security threats from area militia groups, the real estate markets in the 8,500-square-mile Middle East country are prospering, according to various media and analyst reports.
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