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REAL ESTATE ISRAEL
Monthly Update,
July 2024
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'People are trying to live like it is normal, but it’s not'
On Tel Aviv’s once-bustling Dizengoff, business owners lament another casualty of war
By
Jennifer Korn
After tourism drops by roughly 75% since the Israel-Hamas conflict began in October, vendors say costs are up as sales are down — and they see no bailout on the horizon
Up to 60,000 Israeli businesses may close in 2024 as war takes toll on economy
By
Sharon Wrobel
Real Estate Israel
Housing snapshot: Home sales and rentals across Israel in July 2024
By
Shoshanna Solomon
The Times of Israel’s regular feature on what is happening in the local property market right now
Donation Request
Help farmers on the Gaza border rebuild
They took a sandy plot of land unfit for growing vegetables and transformed it into a beautiful farm, and they’re ready to do it all over again. They need your help.
Inflation edges higher, bolstered by uptick in housing prices
By
Sharon Wrobel
In June, annual inflation rose to 2.9%, reaching the upper range of the government’s target, reducing the odds that high borrowing costs will be lowered in coming months
Electricity bills expected to drop as major privatization reform enters into effect
By
Sue Surkes
Even without a smart meter, domestic consumers now free to choose between Israel Electric Corporation, seven other private suppliers; Energy Minister expects bills to drop 5 to 20%
Ofakim gets NIS 229m after Oct. 7 massacre, but kept off national recovery plan
By
Canaan Lidor
Funds prompt both gratitude and disappointment in a town ravaged by terrorists but excluded from compensation due to distance rules
Be’eri’s boutique cheesemakers carry on, without Dror Or’s ‘golden hands’
By
Jessica Steinberg
Dairy originally established to make yogurt and labneh for kibbutz eventually became accomplished in artisanal cheeses, only to be decimated by the Hamas attack
Explainer
Tani Goldstein
Israel’s economy seems to be doing okay, but is everything as it seems?
How Israel’s war in Gaza has affected employment, quality of life, and private and public spending, and how this is expressed in the data
1976 law states any use of land can solely serve the school
Central Israel residents demand access to massive green space just beyond a fence
By
Sue Surkes
Zoned as a school, the historic Mikveh Israel Agricultural Youth Village in central Israel says it’s not a park but an educational site and farm, with heritage value
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