Economy

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.

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The Israeli real estate market is hindered not only by macro factors but by outdated legal practices.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.

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.

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%.

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.

New data reveals which neighborhoods are seeing a decline in rental prices for 3-room apartments. Where can you find apartments below the average price, and how is it that apartments with a rent of 2,600 shekels are being rented out for even lower amounts?

Fisher Brothers, co-owned by American attorney Martin Edelman, a close associate of the US President, will attempt to raise $100 million in a bond issuance, despite recent failures of foreign real estate companies in Tel Aviv.

After a missile strike damaged a Tel Aviv building, residents faced bureaucratic chaos. Lawyers successfully resolved the conflict between renovation compensation and the TAMA 38/2 demolition plans.

Mizrahi Tefahot Bank closed the second quarter of 2026 with a 1.7% decrease in net profit to 1.43 billion shekels. Moderating inflation and lower interest rates have curbed profit growth, while the bank's mortgage portfolio faces mounting risks.

The complex in Rishon LeZion will span approximately 1,500 square meters and will include, among other things, the Coffee Bar restaurant by Ruti Broudo, which will reopen, as well as an art museum. The Eretz Israel Museum is presenting a new exhibition by artist Neta Harari Navon. In the Port of Ashdod, a volunteer day was held at the logistics center of the 'Latet' organization. Events and...

According to second-quarter reports for 2026, Efi Capital sold 379 apartments in the first half of the year—an increase over last year. However, the company faces pressure to maintain momentum, especially as 712 of its units are tied to the 'Mechir LeMishtaken' program.

Dalia Energy's Eshkol Avshal power plant project is nearing financial closing. Financing parties have confirmed that the conditions precedent for the process have been met.

A dispute between French-Jewish businessman Richard Tawil and singer Alexander Kogan has led to a 950,000 shekel lawsuit. The case centers on a villa lease in Herzliya with a monthly rent of $45,000.

Rami Levy Real Estate has received building permits for new commercial centers in Rosh HaAyin and Mishor Adumim. The total investment for these projects is estimated at 225 million shekels.

The law divides repairs between the tenant and the landlord according to two tests, and sets 30 days for a regular malfunction and three days for an urgent defect. A contractual clause that attempts to extend these periods is invalid.

The most common mistake in rental negotiations is to start from what the tenant "feels" the apartment is worth or what the landlord "wants to get." The market works better with comparisons.

Almogim Holdings reported strong sales for the first half of 2026, selling 111 apartments. The majority of these transactions were supported by financing incentives, including contractor loans. The average apartment price stood at 2.65 million NIS.

Afcon Holdings continues to expand its footprint in the energy sector after winning a government tender to build a substation worth approximately 36 million shekels.

In June 2026, investors purchased 1,392 apartments—a 64% jump year-on-year, though this is skewed by the low baseline during the war with Iran. Meanwhile, the investor share of the market remains stable, and net balances remain negative.

The publicly traded company Aviv Bniya has sold only 4 apartments since the beginning of the year, highlighting the ongoing challenges in the construction sector. These low figures reflect the continued slowdown in the real estate market.

Israel is in urgent need of an additional airport as Ben Gurion Airport reaches its capacity. Despite 17 years of planning, the government remains undecided on the location, funding model, and operator for the facility.

The Israel Land Authority (ILA) reported that pollution tests in Sde Dov are progressing, but has yet to publish findings or mapping, leaving land distribution stuck. Rights holders warn that the lack of clear information harms real estate transactions and certainty surrounding the project. Simultaneously, apartment buyers are seeking to cancel option agreements and recover approximately 1.55...

As Globes has learned, the mall giant has purchased land zoned for residential and hotel use, and is working to rezone it for the construction of a 35,000 sqm mall. The company identified a shortage of a significant regional mall in Jerusalem that would compete with Azrieli's Malha Mall, which includes about 44,000 sqm.