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REAL ESTATE ISRAEL

Monthly Update, April 2024

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A construction site in the West Bank settlement of Ma'ale Adumim on February 29, 2024. (Menahem Kahana/AFP)

Apartment sales increased 19% in February despite ongoing Gaza war, new figures show

By Sharon Wrobel

Housing market records 7,511 sales in month, led by new homes sold by contractors on the free market offering special deals, Finance Ministry report shows

Enjoying the beach in Tel Aviv, during a heatwave, on April 24, 2024. (Dor Pazuelo/Flash90)

Housing snapshot: Home sales and rentals across Israel in April

By Shoshanna Solomon

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

Promoted ProjectSea One - Private Club

Sea One Private Club: Your seafront home in Israel

Sea One Private Club is a new kind of luxury resort-living experience for discerning residents of over 60, both from Israel and abroad.

The busy aisles at a Rami Levy supermarket in Pardes Hannah-Karkur, on October 10, 2023. (Gavriel Fiske/ Times of Israel)

Inflation edges higher as housing costs and travel prices rise

By Sharon Wrobel

Consumer prices rose by an annual 2.7% in March, from 2.5% in February, reducing the odds that the central bank will lower already high borrowing costs for consumers in May

Founders of Israeli startup Mentee Robotics (from left to right) Prof. Shai Shalev-Shwartz, Prof. Amnon Shashua, and Prof. Lior Wolf with prototype AI humanoid robot. (Courtesy)

Mobileye founder gives sneak peek into human-like AI robot doing household chores

By Sharon Wrobel

Israeli startup Mentee Robotics debuts prototype of general-purpose robot that can move everywhere, clean dishes, do the laundry, work in warehouses… and learns on the fly

Analysis

Turkey’s ban on exports to Israel deals fresh blow to war-battered building industry

As fears mount that other countries could follow Ankara’s lead, Israeli experts urge greater investment in local manufacturing to reduce dependence on imports

People wave Islamic flags as they march during a protest calling for an immediate ceasefire in Gaza, in Istanbul, Turkey, January 14, 2024. (AP Photo/Emrah Gurel)

The Epstein project planned for west Jerusalem, dubbed the Burj Jerusalem. (Adrian Smith + Gordon Gill Architecture)

Planned ‘Jerusalem Burj’ skyscraper draws opposition over proximity to landmarks

200 objections lodged against plans for 200-meter tower, designed by Burj Khalifa architect’s firm, to overlook Yad Vashem and Mount Herzl military cemetery; would be capital’s tallest building

The new Custos of the Catholic Church's properties in the Holy Land Italian Franciscan priest Rev. Francesco Patton, center, stands during a procession in Jerusalem's Old City, Monday, June 6, 2016. (AP Photo/Ariel Schalit)

Franciscans petition court over Jerusalem Old City cable car project

A demolished home in Kibbutz Kfar Aza. (Home Front Command)

Government approves framework for NIS 19 billion plan to rehabilitate area near Gaza

By Canaan Lidor

5-year roadmap, which aims to upgrade and restore area affected by Oct. 7 onslaught, is ‘a historic’ move toward prosperity, says project head

Residential homes, severely damaged during Hamas's October 7 onslaught on southern Israel, line a street in the Olives Neighborhood of Kibbutz Be'eri on January 1, 2024. (Canaan Lidor/Times of Israel)

Nature org urges opposition to ‘draconian’ proposals for rebuilding Gaza border area

Visitors flock to see the flowering of blue lupines on Mitzpe-Tel, a hilltop in Jerusalem where the Israel Police plans to build a large compound. (Naomi Kimchin, February 27, 2024)

Police revive plan to build complex on beloved Jerusalem hill, angering residents

Activists ask why law enforcement waited until day after municipal elections to inform court that examination of alternative sites had come up with nothing

Illustrative: View of workers in a construction site in Jerusalem, March 5, 2024 (Yonatan Sindel/Flash90)

Shortage of Palestinian workers at Israeli building sites leaves hole on both sides

By Reuters and ToI Staff

With almost half of construction sites shut, workers from West Bank are likely to return under tight security, following general ban in wake of Hamas’s October 7 onslaught

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