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REAL ESTATE ISRAEL

Monthly Update, April 2023

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Analysis

Danielle Nagler

Housing prices finally dip, but market pressures mean a surge will likely follow

The only way is up, experts say. Falling prices in the residential market are unlikely to become a long-term trend even if home sales are currently at record lows

New apartment buildings under construction in the southern city of Beersheba on November 18, 2022. (Gershon Elinson/Flash90)

New buildings going up in Beer Yaakov on March 26, 2020. (Flash90)

Home prices slide for first time in years, but inflation remains steady

A view of a collapsed columnas part of a TAMA 38 renewal project in Kiryat Bialik, on October 24, 2018. (Meir Vaaknin/Flash90)

Housing minister extends urban renewal program, despite no boost to quake readiness

By Danielle Nagler

The proposed new look for the Great Synagogue in Tel Aviv, due for completion in 2028. (Courtesy/Up Architects)

Great Synagogue in Tel Aviv to get massive upgrade, surrounding public square

By Danielle Nagler

Work on Tel Aviv’s main synagogue will remove 1960s additions and add much-needed public space on Allenby Street

Promoted Content

Luxury 2 bedroom with beautiful view near the Jerusalem Theater for sale

Spacious 2 bedrooms apartment, 84 sqm with 3 beautiful directions of air and sun, Succah balcony from the living room of another 5 sqm.

Illustrative: Multi-story residential buildings in Ashkelon, Israel, May 2022. (rglinsky via iStock by Getty Images)

Housing snapshot: Home sales and rentals across Israel

By Danielle Nagler

The Times of Israel’s regular feature on what is happening in Israel’s property market right now

Moody’s downgrades Israel’s credit outlook, citing ‘deterioration of governance’

By Sharon Wrobel and ToI Staff

Leading credit agency demotes outlook from positive to stable despite reported talks with PM, Herzog on overhaul compromise; keeps credit rating at A1 amid ‘strong economic growth’

Illustrative: A sign for Moody's Corp. in New York, August 13, 2010. (AP Photo/ Mark Lennihan/ File)

Illustrative: A sign for Moody's Corp. in New York, August 13, 2010. (AP Photo/ Mark Lennihan/ File)

Dismissing Moody’s downgrade, Smotrich says any economic damage is fault of protests

By Sharon Wrobel

Horses walk in a farm belonging to a Palestinian family in Umm Tuba, with the Jewish neighborhood of Har Homa visible in the background, Thursday, February 23, 2023. (AP/Mahmoud Illean)

Jerusalem pushing plans for new Jewish enclaves inside Palestinian neighborhoods

By Shalom Yerushalmi

The living room of a 320 square meter whole-floor apartment on sale for 5 million Euro in Limassol, Cyprus, March 20, 2023. (Alex Mita/AFP)

Cypriots priced out as Israelis, Russians eye properties in coastal city

By Anaïs LLOBET

Natives of Limassol can’t afford to live in hometown with rent having nearly quadrupled since 2016, as ‘triangle’ of foreigners develop, sell and rent to one another

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