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REAL ESTATE ISRAEL
Monthly Update,
November 2024
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'The situation is simply untenable for first-time buyers'
Why Israel’s housing market is seeing an unlikely surge amid the war
By
Hadas Kuznits
Experts say a surprising spike in prices can be chalked up to systemic flaws, labor shortages and foreign buyers – but whatever the cause, Israeli buyers are feeling the squeeze
Fitch and Moody’s express cautious optimism over ‘fragile’ ceasefire with Hezbollah
By
Sharon Wrobel
Credit rating agencies note that the ceasefire with Hezbollah, if durable, reduces only one source of geopolitical risk while others remain, alongside domestic political concerns
Promoted Campaign
Dream Raffle
Last chance to win a luxury dream home in Jerusalem
Dream Raffle is now in its 7th year. All proceeds will go directly to help Am Yisrael Chai Fund’s mission to support the agriculture, infrastructure, and the people of Israel.
'They will be empty apartments owned by rich people abroad'
Jerusalem planners laud anticipated skyscrapers, but wary locals cite towering concerns
By
Zev Stub
While the municipality claims that constructing 500 tall buildings will give the Holy City a vertical facelift, residents say it will mar the landscape and only benefit developers
Kibbutz Kfar Aza joins Reches Real Estate to build a new NIS 250m industrial site
By
Sharon Wrobel
The 42,000 square-meter industrial complex is expected to be rented out to offices, businesses and industry and will create jobs for returning residents of Gaza border communities
Israel dives into offshore conservation with first National Marine Park
By
Sue Surkes
Area off Caesarea joins large extension to the Evtach Marine Reserve in waters between Ashkelon and Ashdod, plus projects in Hadera and additional land in the Ramon Crater
Real Estate Israel
Prices show slight decline as construction recovers
Housing snapshot: Home sales and rentals across Israel in November 2024
By
Shoshanna Solomon
The Times of Israel’s regular feature on what is happening in the local property market right now
Outpacing state, Brothers in Arms becomes 1st to renovate homes damaged on October 7
By
Sue Surkes
Nonprofit takes on project initiated by grandson of murdered Kibbutz Kfar Aza co-founder, who says ‘no need to wait for the state’ with volunteers lining up to help
Government directorate budgets NIS 180 million to rebuild devastated Kfar Aza
By
Sue Surkes
Plan led by kibbutz members would rehabilitate 360 residential buildings, 40 public ones, and infrastructure damaged during Hamas rampage last year
Reporter's notebook
Sue Surkes
Haunted by October 7, Kibbutz Holit tries to rebuild in a temporary new location
After a year in a hotel near the Dead Sea, Holit’s residents have moved to a new village within Kibbutz Revivim. They don’t know when — or if — they’ll return home
Inside Story
'We've spent over NIS 4m on drip irrigation; we couldn't wait'
Still waiting for Oct. 7 compensation, a Gaza border farm community sows its fields anew
By
Sue Surkes
Terrorists murdered 22 foreign workers at Kibbutz Alumim; while the destruction of equipment and loss of crops are staggering, the community is looking to the future and replanting
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