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Running short of concrete, Gazans build mud homes

IBRAHIM BARZAK Associate Press 07.05.2009
Running short of concrete, Gazans build mud homes

The dirt under Yousef Hamida's feet has become an unlikely resource: He is using it to build a home, a result of Israel's refusal to allow construction materials into the Gaza Strip.

Kardan Israel takes over 365-unit project

Kardan NV (TASE: KRNV;AEX:KARD) subsidiary Kardan Israel Ltd. (TASE:KRIS) has signed a combination deal for a lot in Beer Yaakov zoned for a 365-unit residential project. Kardan will bear the project's full construction costs, while the landowners will receive 19% of the apartments. Kardan Israel is carrying out the project through wholly-owned subsidiary Kardan Real Estate Initiation and Development Ltd.

Israel publishes plan to add East Jerusalem housing

Ori Lewis Reuters India 05.05.2009
Israel publishes plan to add East Jerusalem housing

Israel's mayor of Jerusalem outlined a plan on Monday to give many more building permits to Palestinian residents, but a Palestinian official dismissed it as an Israeli ruse to cement its hold on the city.

Diaspora Jews' Israel real estate purchases plummeted in 2008

The global economic crisis has badly hurt property sales to foreign residents. State Revenues Authority data shows that in the fourth quarter of 2008, there was a 40% decline in the number of sales compared to the third quarter - and a 60% decline in comparison with the fourth quarter of 2007.

Magic carpet

Noam Dvir Haaretz 03.05.2009
Israeli municipality issues demolition order on renovated housing in Old City monastery

Orders have been made to demolish a two-floor addition to a monastery and church in the Old City of Jerusalem, Aide for Jerusalem affairs Hatem Abdul Qader reported on Wednesday

Magic carpet

As you stroll along Mishol Girit (Girit Pathway), you can take in almost simultaneously what is happening in each house. A strong aroma of frying onion wafts from one window; from another direction, you hear MK Benny Begin pontificating loudly on the radio; teenagers sitting on a shady bench in the inner courtyard chat excitedly about what they did that day; and at the end of the alleyway, the nursery school teacher takes her charges out to play.

U.N. warns of Jerusalem housing crisis

Thousands of Palestinians are facing a housing crisis because of inadequate urban planning by Israeli officials who run the east Jerusalem region, a U.N. report shows

Rosen, Tuchmair maneuvering to merge Pangaea with Glilot

Asaf "Asi" Tuchmair and Barak Rosen, who control the Canada Israel Group, are talking with the taxman about the implications of merging the charmingly named real estate companies Pangaea Israel and Pangaea Real Estate into a single entity.

Home for sale on Israel's most expensive street

Ariel Rosenberg Globes Online 22.04.2009
US realty guru: Israel a prime real estate destination

Industry expert Brian Buffini visits Israel, says real estate market can survive, even thrive despite financial crisis

Home for sale on Israel's most expensive street

Jacqueline Herzikovitch is offering her Herzliya Pituah home at $21 million.

Illegal bank clause can leave foreclosed borrowers homeless

If you intend to take a mortgage for an apartment in the near future, or perhaps to refinance an existing mortgage, make sure you don't accidentally sign a contract in which you waive the alternative lodgings the bank is supposed to provide if it forecloses on the property you live in because the mortgage wasn't paid.

Africa Israel to sell Tel Aviv property

Africa Israel Properties (AFPR.TA), a subsidiary of real estate developer Africa Israel Investments (AFIL01.TA), said on Wednesday it has agreed to sell a Tel Aviv property for 166.5 million shekels ($39.5 million

Bank, lawyer to compensate couple over land purchase complications

The First International Bank of Israel and attorney Ishai Beit-On, who served as receiver on behalf of the bank in selling land to a South African couple, were ordered last week to pay the couple NIS 3 million in compensation.

Africa-Israel unable to lease prime office real estate

The main reason for the failure to lease space in the Jubilee Tower seems to be the lack of rapid access to offices.

Demand for mortgages down 50%

Gabriela Folcut Standard 15.04.2009
The ideology is dead. Long live the deal

One of the last great ideological strongholds in the kibbutz movement is tumbling down, as the members of Shefayim have voted to privatize the kibbutz.

Demand for mortgages down 50%

The demand for mortgages dropped by more than 50 percent in the first quarter of 2009, compared to mid-2008, and lenders are giving the go-ahead for an even smaller percentage.

New housing minister focuses on young couples

The ability of young couples to buy an apartment has become near impossible.

PA: Death penalty for those who sell land to Jews

The Palestinian Authority has issued yet another warning to Palestinians against selling their homes or properties to Jews, saying those who violate the order would be accused of "high treason" - a charge that carries the death penalty.

What do you do when revenues fall short? Cut spending and borrow money

March was the 15th month in a row in which tax revenues dropped from the year before. The unprecedented fall is worrying Prime Minister Benjamin Netanyahu and his finance minister, Yuval Steinitz.


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