Economy

The sale of Shikun & Binui Energy to the Generation fund for 4.45 billion shekels has driven a 45% jump in net profit and led to an upgrade of the company's bond rating to A+.

Geshem Holdings reported on the advancement of a 488-apartment project in Migdal HaEmek. The Israel Land Authority is launching a reform to shorten appraisal objection procedures. Additionally, Azorim Living will purchase 26 apartments in Jerusalem for long-term rental for approximately 76 million shekels.

The approval of the law to expand the powers of the Subcommittee for National Housing marks a revolution in Israel's housing market: more apartments, fewer barriers, and a shorter path from plans on paper to actual construction.

Efi Capital Real Estate reports its financial results for the first half of 2026. The company reports that it has sold 379 apartments since the beginning of the year and is active in various projects totaling approximately 9,475 housing units in 20 cities across the country.

Y.H. Dimri released its second-quarter 2026 reports, highlighting challenges in its Sde Dov flagship project. Only 40 out of 455 units have been sold to date, leading the company to lower its price-per-square-meter forecast.

Oron Nadlan and Midar have secured the necessary majority of apartment owners to advance a Pinui-Binui project in Jerusalem's Kiryat Menachem neighborhood. The plan involves replacing 84 existing units with 400 new ones.

Construction company I.H. Damri increased apartment sales, but rising financing costs and margin erosion led to a decline in net profit. We analyze the company's Q2 2026 financial results.

Investment fund Generation Capital concluded the second quarter of 2026 with a pre-tax profit of 826 million shekels. Cumulative profit for the first half of the year reached 1.05 billion shekels.

Income-producing real estate company G City is planning to sell assets in Europe, the USA, and Brazil to reduce its high debt levels. The strengthening of the shekel and asset divestments impacted the company's second-quarter financial results.

Following rumors of a relationship with a TV star living in his building, the popular singer has completed a dramatic real estate expansion, boosting his property value to approximately 20 million shekels.

The Jerusalem District Court, followed by the Supreme Court, rejected a request by a group of investors to prevent the Greek Orthodox Patriarchate from selling a land plot in the city center.

The chain managed by Eitan Yochananof recorded a 1.9% revenue decline and a 1.6% decrease in same-store sales in the second quarter, largely due to technical factors including the timing of Passover and the cessation of Zol Stock consolidation. Simultaneously, the board approved the spin-off of real estate assets worth approximately one billion shekels.

A decrease in apartment deliveries in Europe and the weakening of the dollar led to a decline in Shikun & Binui's revenues to 2.3 billion shekels in the second quarter and a plunge in operating profit. Despite this, net profit jumped by 70% to 241 million shekels thanks to a significant tax benefit, and the contracting backlog reached a record 18.5 billion shekels.

The Jerusalem District Court rejected a request by a group of investors to prevent the Greek Orthodox Patriarchate from selling land in the center of Jerusalem. The Supreme Court subsequently rejected the appeal.

In search of new growth engines, Azrieli and Melisron are becoming dominant residential developers. Sales and the backlog are growing, but the industry warns that it is too early to determine if the move will yield the desired return.

A luxury apartment in a flagship project overlooking Yarkon Park has been purchased by a local couple, with the transaction price reflecting a significant premium over recent market averages on the street.

While the construction industry faces turmoil and many companies report losses, the second-quarter results of the Soferin real estate group reveal encouraging data and a new strategic move set to transform its business model.

The south was a key region for 10/90 and 20/80 financing campaigns, allowing buyers to enter the market with low initial capital. As large payments fall due, the combination of high interest rates, repayment capacity issues, and eroding apartment prices in some projects is forcing a recalculation. In the Beersheba area, the cancellation rate for 2023 deals approached 7%, significantly higher than...

Bank Jerusalem and Migdal have signed a joint financing agreement to establish a 400 million shekel credit line. The funds are intended for providing "jumbo loans" secured by residential real estate.

The Appeals Committee rejected a building permit application due to objections from residents who were forced to give up a window in their apartment because of an urban renewal project. The judge returned the case to the local committee and ruled that it must examine additional options.

The Israeli real estate market is hindered not only by macro factors but by outdated legal practices. Attorney Doron Levita argues for a shift toward flexible, adaptive contractual models.

Acro ended the second quarter with 42 apartments sold, up from 34 in the previous quarter. The company reported a net profit of 20 million shekels, recovering from a 6 million shekel loss in the first quarter.

This involves the demolition of two buildings including 30 residential units and 14 commercial units on Ussishkin Street in the city. The old apartments will be replaced by a new project including 82 residential units and 16 shops in a 7-story building above a commercial floor.

Shoval Engineering has released its financial results for the second quarter of 2026, reporting the sale of 147 apartments compared to 29 in the same quarter of 2025. CEO Ishay Rot stated that housing demand has not disappeared but has been partially postponed.

The Azrieli Group concluded the second quarter of 2026 with a net rental income (NOI) of 651 million shekels, up from 648 million shekels last year. The Data Centers sector saw a decline in NOI to 103 million shekels.

The annual consumer price index has stabilized at 1.5%, and the real estate market is showing consistent weakness with price drops of up to 2%, but the severe shortage of skilled workers continues to be a concern.

From Achziv to Givat Olga, the northern coastline is filling up with new projects and urban renewal. We checked how much an apartment by the sea costs, what you get for the money, and where prices start at 1.9 million shekels and climb to over 5 million.

Retail chain Yohananof is planning to spin off its real estate assets into a separate subsidiary. This strategic move aims to create business focus and prepare for a future IPO, ultimately maximizing the group's asset value.

Recently published CBS data heralded a certain increase in housing prices and sales after two difficult years in the industry. Real estate stocks on the stock exchange have been taking a hit in recent months, and the sector index has been cut by almost a third from its last peak. Is this an opportunity, or will prices continue to fall?

Rotem Sela shared an Instagram story featuring a view of the Tel Aviv coastline, tagging developer Ido Hajaj with the caption: "Soon there will be an apartment here." Sela and her husband, Ariel Rotter, previously purchased a multi-million shekel unit in the Hajaj Group's INFINITY TOWER project.

Electra has won the tender for the construction and operation of the fast lane on Highway 5. The project is estimated at 2 billion shekels and is expected to be operational by 2031.

Electra has won the tender for the Highway 5 project, which includes a 25 km two-way fast lane and a transport hub with 3,200 parking spaces. The project is expected to be operational by 2031.

The second quarter of 2025 marked the first full quarter in which Big Shopping Centers benefited from the Glilot complex. Net operating income (NOI) from Israeli assets jumped by 25%.

Azorim Living, which moved from a heavy loss of millions of shekels to a net profit of tens of millions, reveals its second-quarter 2026 data and reports an occupancy rate of nearly 100% across its properties.

Apartment prices in the periphery are relatively low, but vary from city to city. What is happening in Arad and Yeruham, and are off-plan apartments still a good deal?

The occupancy of the HaSolelim project drove a 10% increase in Mivne's Net Operating Income (NOI) to 239 million shekels in Q2 2026. Adjusted Funds From Operations (AFFO) rose by 15% to 178 million shekels.

The District Committee has approved an urban renewal (pinui-binui) plan for a complex significantly damaged during the war. Details on the cooperation between the Tidhar Group and the Ramat Gan Municipality.

An analysis reveals that contractors receive only 16% of the money due to 'on paper' sales. Ministry of Finance data explains why large contractors survive while small ones collapse.

375 salaries and more than 31 years of work: Lisbon has reached the top, leaving Tel Aviv behind. Where in Europe can you get an apartment in just 8 years of work, and why is a rare window of opportunity opening for buyers in Israel right now?

The luxury market in Jerusalem is not stalling: foreign residents are purchasing luxury apartments for tens of millions of shekels, at an average price of nearly 15 million shekels per unit.