The Treasury's program to revive periphery demand includes discounts on new apartments, subsidies for veterans, exploring foreign contractors, and government-guaranteed loans for struggling builders.
Israel Land Authority: Out of around 93,500 apartments marketed to developers in 2023, only approximately 60,000 transactions were completed, a decrease of more than 33,000 compared to 2022.
The BOI offers temporary relief to borrowers, allowing them to increase their mortgage for debt relief or Merkhav Mugan (protected space) construction in old apartments.
Kiryat Shmona sees high demand: Israel Land Authority picks winner for 12-unit construction in Yuval neighborhood complex, the area's final available lot among 1,000 apartments.
A Finance Ministry representative warns of severe economic consequences as a debate in the Knesset calls for a decision on admitting Palestinian workers.
Israel Land Authority reveals results of Eilat neighborhood tender, "Shifoli Ha’Ar ," offering apartments for sale on free market without government subsidies for the first time in 5 years.
New regulations published for public comment introduce an income test and standardized lotteries for eligibility for long-term rental housing in Israel.
Construction and Housing Ministry opens lottery registration. Priority: reservists & families of children with disabilities. Discover apartment allocation for eligible applicants.
A recent report by the Ministry of Housing and Urban Development reveals a 15% drop in new construction starts, indicating a stagnation in the real estate market that affects both supply and demand.
Approval has been granted for 1,000 units in Dalit El Carmel's new neighborhood • Sumei town in Upper Galilee is also set to expand, welcoming 2,000 homes amid infrastructure enhancements
Developers make a comeback in Azar Gardens - Ramat Gan, with a second tender for long-term rentals. Land prices increased by 25%, and Prashkovsky won the bid for 195 apartments.