The Falling Dollar: New Trends in Israeli Real Estate Contracts

That’s the title of an Article appearing at the Israel National News website today.  The article, written by Israeli Attorney, Nicole Levin should be very helpful to those of you planning to buy a property in Israel anytime soon.  The article has some very good advice on how to limit your surprises when dealing with a Foreign Currency, in this case, specifically the U.S. Dollar.  The dollar’s recent decline has caused many Sellers in Israel to quote their prices in Shekels.  This is kind of a new type of negotiation that many foreign buyers are not accustomed to. 

Read the article

Apartment building for sale in Neve Tzedek

In Neve Tzedek, a preserved historic building, the building has 8 different apartments, It is a beautiful eclectic building in the lucrative Neve Tzedek, the building currently has a $90,000 annual return.

The first floor has four 1.5 room 40 meter apartments 5 meter high ceiling, with a sleeping gallery.

The second floor has two 50 meter 2.5 rooms apartments 4 meter high ceiling

The third floor has a 3 room roof apartment, with a private elevator to the roof which is tiled. There is permission to add close to 60 meters on the roof.

In the yard there is a lone house, 75 meters, with 3.5 rooms.

Asking price $ 2.6 million

For more information about this property or any property in Tel Aviv, contact Lyle Plocher, lyle@buypropertyinisrael.com

 

Business Hotels in Industrial Parks are the new trend

According to an article at jpost.com, Israeli Real Estate Entrepeneurs have identified a need to provide more hotel facilities specifically tailored to businesspeople coming to Israel to conduct International business.  As a result, these Entrepeneurs are planning such projects in the Ramat Hahayal industrial zone, the Herzliya Pituach industrial zone, in Ra’anana, Petah Tikva and on the northern half of Rehov Menachem Begin in Tel Aviv. 

There is concern on the part of others that these new Hotels will adversely effect Hotels near the Sea. 

Read the whole article at jpost.com     

          

 

Shekel begins trading on global markets

One more bit of good news about the growing Israeli economy. 

The shekel will finally become fully convertible in international currency markets this week and will be traded by major commercial banks along with 16 other world currencies following approval by CLS Bank International in New York.

read the whole article at jpost.com

Eden Hills, an Eco-Conscious Dream Community

A pretty amazing Real Estate, Master Planned Community is springing up in the Elah Valley.  The project, a dream New York-raised Jake Leibowitz has carried with him for nearly two decades, now has 150 families signed on, mostly American Jews, and on Thursday saw Housing and Construction Minister Ze’ev Boim affix a mezuza on the doorpost of the village’s first building, its on-site corporate office.

Above ground, Eden Hills will resemble an American planned community sporting a very Israeli pedestrian “cardo” cutting through its middle, along with streams and ornamental lakes. Surrounded by forest – more than 800 trees have already been planted on the site – and an archaeological park, the village will be constructed of eco-friendly building materials and will use clean technologies in some innovative ways.

The plans are extremely detailed, from a layout that will cut internal traffic by allowing one-third of residents to enter their parking spots directly from the access road to the village, to a unique underground tunnel, six meters in width and accessible to humans, that will carry all the infrastructure of the village – power lines, television and phone cables, digital communications, water, sewage, even a pneumatic tube for clean garbage disposal and a monorail for automated delivery of goods from store to consumer – to every home’s basement.

Read the rest of this very interesting article at jpost.com

Luxury view apartment in Tiberias

A luxurious & beautifully designed house with an amazing view to the Sea of Galilee.  The house is 210 Sq. meters built on a 1/2 dunam compound, 80 sq.meters balcony, big garden with fruit trees.  With 5 bedrooms, in every bedroom there are brand new A/C units, and there is a new central A/C unit.  In addition, there is a big utility room, alarm system and. There is a possibility to purchase the house with  furniture.
This house was designed in the highest standards, by an interior designer from the UK.

Asking Price is $445000

For more information about this apartment or any property in Tiberias, contact Lyle Plocher, lyle@buypropertyinisrael.com

Robert DeNiro to partner in new Hotel in Herzliya Pituach

The Nobu Group Partners which includes Robert DeNiro in it’s ranks, announced last week in London that they will build a Hotel above the Arena Mall in Herzliya Pituach.  The Hotel will be built in Japanese style Architecture and will open within 2 years.  Rooms will available for sale. 

read more at ynetnews.com

Tourism figures up 41% from last year

There’s a great article at Ynetnews.com about the number of Tourists coming to Israel.  The current growth rate is on target to reach the Tourism MInistry’s goal of 2.8 Million visitors per year, but officials warn at the same time that the country may not have enough Hotel Rooms to accomodate that level of visitors.

Pretty remarkable accomplishment considering the constant “threat of terrorism” from all sides.

read the whole article

Ground Floor Apartment in Central Tel Aviv

On a quiet street, a block from the beach, the entire first floor is for sale, this not only includes 120 meters of living space but an adjacent Garden of close to 200 meters. This Flat is on a very quiet street just north of the center of town and has a rare parking space. This can be an ideal home for those who need to live in the city yet still need space.

Asking price$ 1.4 million

For more information about this apartment or any property in Tel Aviv, contact Lyle Plocher, lyle@buypropertyinisrael.com

 

 

Living in the Yoo Towers

Gloria Deutsch talks about how one of the new homeowners in the luxury Yoo Project in Tel Aviv designed & decorated their unit.  Gloria writes for Jpost.com.    Read Gloria’s article from the May15th edition of jpost.

If you would like more information about the Yoo Project in Tel Aviv, designed by world renowned Architect, Philippe Starck, contact Lyle Plocher at lyle@buypropertyinisrael.com