Economy

Israeli celebrities purchasing luxury apartments in projects they endorse frequently secure significant discounts ranging from 10% to 15%. Developers leverage star power to drive robust off-plan sales.

The BEYOND tower in Givatayim, Israel's tallest skyscraper at 320 meters, has officially opened. Developed by Tidhar, Union, and Himnuta, it features major tenants like Meitar and Moon Active, with office rents averaging around 150 NIS per square meter.

The Ministry of Construction and Housing temporarily closed the "Apartment on Discount" portal to adjust participant filters, prioritizing IDF reservists with a 75% quota for upcoming 2027 housing lotteries.

Former Deputy Chief Economist Galit Ben Naim reveals that southern Israel's unsold housing inventory is 6% higher than official data due to unrecorded cancellations amid rising housing starts.

The Southern District Planning Committee approved a major urban renewal project in Sderot, adding 515 housing units and commercial spaces amid surging property values.

The Haifa District Court dismissed a seller's lawsuit seeking to cancel a 2.35 million NIS property sale in Pardes Hanna, ruling that the seller breached the contract by failing to register rights on time.

The Central Bureau of Statistics reported a 0.2% rise in apartment prices for June-July, alongside a 1.2% drop in second-hand sales for Q2. Real estate data reveals market stagnation, highlighted by recent transactions across several cities.

Israeli developers in central regions and the Sharon area are offering cash discounts up to 250,000 NIS and heavy mortgage subsidies to accelerate apartment sales amid sluggish market demand.

The sale of a Highline penthouse in Ramat Gan for 9 million shekels sparks debate over whether the transaction signals a real estate price drop or a normalization of overinflated initial valuations.

Israeli real estate developers are partnering with consumer clubs to boost sales through exclusive discounts, offering a secure alternative to traditional marketing during a sluggish housing market.

August rental prices in Israel dropped by 0.8% to an average of 5,063 NIS, though rates remain 3.7% higher year-over-year. A surge in large apartment listings drove down prices for 4-5 room units, while small apartment supply shrank.

The Sukkot holiday highlights the high demand for balconies in Israeli apartments. Real estate experts discuss valuation metrics, market trends, and smart financing options for home upgrades.

Thousands of New York City property owners and renters face soaring property taxes and maintenance fees as long-standing residential tax abatements expire through 2030.

Recent property transactions across Israel highlight housing market trends, including a 5-room home in Kiryat Ata selling for 2.45 million NIS and various deals nationwide.

Holmes Place signed a 20-year lease for a new fitness club at Eran Zahavi and Avi Arbib's ELEVEN CENTER in Mazkeret Batya, in a deal valued at 43.2 million NIS.

Israel's mortgage lending surges toward 120 billion shekels annually as borrowers rush to beat strict new Bank of Israel PTI caps and limits on parental loan backing.

A weekly review of Israel's top economic news covers James Chambers' extradition case, Arena Mall's 200-million-shekel overhaul, Mitromics' massive recall and value drop, and a major supermarket acquisition.

An analysis of Government Resolution 1432 reveals that while personal guidance and student support for new immigrants expanded, the critical housing mechanism heavily funded by the state remained unimplemented.

Avissaror real estate company appoints actor Yehuda Levi as its main brand ambassador amid a massive pipeline of over 10,000 planned residential units and recent stock exchange IPO.

WeCheck data shows average Israeli rents dropped 0.8% in August to 5,063 NIS, yet remain 3.7% higher year-on-year, with Jerusalem surging 7.4% and Tel Aviv averaging 6,905 NIS.

Lumenis CEO Tzipi Ozer-Armon is locked in a tax dispute with the Israel Tax Authority over a 1 million NIS purchase tax gap for two Tel Aviv apartments bought for 22.5 million NIS.

Despite high living costs, Israel's mortgage default rate dropped to 0.6% in August 2025, with overdue payments falling to ₪4.102 billion as refinancing hit record highs.

Effi Capital has sold a residential land plot in Ra'anana for NIS 194.2 million to Shmuel Baruch Investments, generating a modest pre-tax profit of NIS 4 million while significantly reducing corporate leverage.

A valid will may not suffice to protect family property from a common-law partner's claims. Israeli courts increasingly recognize proprietary rights in pre-owned assets through cohabitation, prompting experts to advise early property agreements.

The Israel Land Authority approved an exemption from construction extension fees for combat reservists in 2026, saving soldiers tens of thousands of shekels for delays caused by military service.

The Land Enforcement Administration launched a nationwide campaign in Haredi neighborhoods to prevent illegal Sukkot balcony construction, targeting hazardous structures in Bnei Brak.

The Israel Land Authority announces new tenders for nearly 600 housing units in Tel Aviv's Ramat HaHayal, amid a broader decline in multi-family land marketing and high property prices.

Real estate investors in Israel's periphery, particularly Dimona and Beersheba, face steep losses on older apartments lacking protected rooms amid shifting market conditions.

Israeli real estate and legal experts clarify the balance between religious freedom during Sukkot and property laws, addressing common neighbor disputes over shared courtyards, blocked pathways, and post-holiday removals.

A decade of marketing for Tel Aviv's Beresheet Tower has yielded only 76 sales out of 168 apartments, marred by a 2021 fire and hundreds of millions in mutual lawsuits.

Advocate Mai Tsvi outlines essential legal guidance for young couples purchasing their first apartment, covering common pitfalls, memorandum risks, and vital contract safeguards.

The Civil Administration approved depositing a plan for a new industrial zone in Chaforit, Gush Etzion, marking the first such project in over 25 years to boost local municipal revenues.

An Israeli court rejected a woman's claim to half of her ex-husband's ₪6.25 million moshav estate due to a signed 2009 waiver, awarding her only documented renovation costs.

The District Court rejected a 12 million NIS lawsuit filed by Roni Mizrahi Group against Union Bank over alleged overcharging, citing valid agreements and exposed construction offenses.

The Registrar of Cooperative Societies launched a strict directive requiring general assembly approval for real estate and major deals in cooperatives, targeting widespread transparency failures and conflicts of interest.

Buying a four-room apartment in Tel Aviv requires 4.5-5 million NIS and a net monthly household income of 45,000-55,000 NIS, highlighting severe affordability gaps compared to other regions.

Apartment owners in Jerusalem's Pisgat Ze'ev selected Shikun & Binui to advance a major urban renewal project involving the replacement of 60 units with 256 new apartments.

Mishorim, controlled by Alex Schneider, has completed the sale of an Afula property for 35 million NIS, generating 33.8 million NIS in free cash flow.

Tel Aviv-Yafo is reinstating targeted building concessions for specific projects nearly two years after a blanket abolition, aiming to balance planning certainty with flexibility.

The Ministry of Housing's "Discount Apartment" website is shut down for system updates to block draft evaders from receiving housing benefits, freezing thousands of applications and renewals.