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Real-estate prices expected to rise

John Benzquen The Jerusalem Post 03.03.2009

Warnings over buying in Israel

TheMoveChannel 28.02.2009
Real-estate prices expected to rise

The Israeli index of leading economic indicators, called "Hameshulav" in Hebrew, fell 1.2 percent in January - the sharpest monthly drop ever. And in the last quarter of 2008, the GDP contracted by 0.5%, which means that the economy is in recession. But despite these depressing figures, real-estate prices are expected to rise during the coming year because while demand is falling, supply is falling faster.

Warnings over buying in Israel

The British Foreign Office is this week issuing a warning about the risks of buying property situated in Israeli settlements in the occupied Palestinian territories...

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U.S. subprime mortgage crisis hits Discount and Leumi too

Shares of Israel Discount Bank and Bank Leumi had a very bad time last week - Discount fell about 12% and is now down 33% from the start of the year, the worst performance by any of the five large banks. Leumi dropped 10% and is now down 17% this year.

Local real estate beginning to feel the crunch of commodity prices

Large hikes in world commodity prices, especially oil, will begin to have a negative effect on local real estate prices, said Erez Cohen, the chairman of the Real Estate Appraisers Association of Israel.

With Lev Leviev's attention perhaps elsewhere, things aren't as smooth as they were.

Africa Properties chair Zvia Leviev has had talks with Gazit Globe on the the Ramat Aviv Mall.

Trading in the company's shares was suspended during the morning.

A deal with Azrieli could reach NIS 1.7 billion.

ProMed now owns three medical office buildings in the area.

Adv. Eitan Erez: The plea bargain is based solely on the laziness of the state prosecutor to investigate the affair.

Creditors and management are set to dispute the distribution of fines from the firm's recent property sales.

The company will begin marketing the second stage of the Yehud project six months ahead of schedule.

Subsidiary Dankner Investments plans to exercise its first refusal rights to Tel Aviv lot.

Boaz Yona returned to Israel in police custody, nine and half months after bilking 1,606 families and fleeing the country.

The Jerusalem Regional Planning Commission has approved residential projects within the city's neighborhoods.

Bonei Hatichon's 26-storey Top Tower will have 95 apartments.

As part of the deal, Boaz Yona will pay homebuyers NIS 4 million.

 

Elco will own 90% of the partnership.

 
 

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