Modiin becoming more popular with Anglos

Modiin, a young city, founded in 1994 and centrally located between Tel Aviv and Jerusalem is attracting an increasing amount of English speaking Immigrants.  The real estate prices are more reasonable for young couples than coastal property and the city has made a concerted effort to reach out to the new immigrants according to the city’s Mayor, Haim Bibas.

read more about Modiin in a recent article at jpost.com

If you would like to know more about the real estate market in Modiin, contact Lyle Plocher at lyle@buypropertyinisrael.com

Real Estate prices in Israel may rise again later this year

That’s the prediction of Erez Cohen, Chairman of  the Land Appraisal Association in Israel.  According to Erez’s thinking, even though demand for real estate has been dropping off, supply will be dropping off more if builders don’t resume building at a sufficient pace. 

Read what he had to say in an article at jpost.com

Tel Aviv real estate ranked 33rd in the world

According to an article at Globes online, Tel Aviv is the 33rd most expensive real estate market globally. 

Read the article

Israeli Government approves Real Estate-rescue package

According to an aticle at jpost.com, two Goverment ministries approved a multi-million shekel rescue plan, which will guarantee 10 percent of the credit needed for contractors to build residential housing projects and ease bureaucratic processes for building permits to boost construction and avoid a shortage in apartments.  The economic and financial crisis has caused banks to raise equity requirements for contractors in order to get their financing for building apartment projects. 

read the entire article

Hotel for sale in Nahariya

 Imagine owning your own Hotel in Israel with views of the Mediterranean.  Here’s your chance.

 

 

 

 

– Built area – 2,330 sq. meters, Plot area – 2 dunams
– Bedrooms # – 50 (each room contains: bath and toilet
– Kitchens # – 2 {one is non-dairy (meat) – 60 sq. meters & one is dairy – 20 sq. meters
–  Dining rooms # – 2 (120 guests, 60 guests)
–  Halls # – 2 (40 sq. meters, 170 sq. meters)
–  Elevators # – 2 (one is a service elevator)
–  The Lobby is 120 sq. meters
–  A Laundromat – includes washing machines, clothes driers,  calendar – 30 sq. meters
–  An under ground shelter – 45 sq. meters
–  Storerooms # – 2
–  Refrigeration rooms # – 2
–  Freezing room # – 1
–  A double roofed car parking + an open parking area
–  A balcony – 140 sq. meters
–  Central hot water system
–  Telephones
–  Heat and smoke detector system
–  Central air-conditioning system + air conditioners in the bedrooms

Asking Price is  $3,500,000

For more information about this property, contact Lyle Plocher at lyle@buypropertyinisrael.com

Living in a Moshav

There is a very interesting article at haaretz.com about life on a Moshav.  There has been a growing trend since the  mid 1990’s that is changing the rural landscape in Israel.

A quote from the article:

“These moshav homes have created an unusual architectural category in Israel, rather like a local version of estate homes. Since the mid-1990s, the traditional landscape of the moshavim in the center of the country has begun to be transformed by new residential buildings. Large, relatively inexpensive patrimonies attracted senior executives and business people, notably from high-tech, who wanted to trade urban bustle for a pastoral existence. Fields, orchards and greenhouses were gradually replaced by enormous mansions surrounded by cultivated gardens, swimming pools, tennis courts and a ranch-like setting for horses. The move to the countryside also bore a saliently romantic aspect, ostensibly drawing on the ethos of manual labor and the desire to be the owner of an iconic moshav landscape of cypresses and tilled soil”.

Read the entire article at haaretz.com

If you are interested in finding out about purchase opportunities in a Moshav, contact Lyle Plocher at lyle@buypropertyinisrael.com

Garden apartments popular in Israel

Ground-floor apartments with adjacent small plots of land are becoming more and more popular.  In the past, the land was owned communally by all the residents of the building.  But now it is parceled out to ground-floor residents.

Apartment owners like garden apartments because it feels more like a house where they can have their own garden.  Builders like garden apartments because they can sell them for more money.

According to an article at jpost.com , 13% of all new apartments built in 2008 were garden apartments. 

read the whole article at jpost.com

rendering of apartment bldg courtesy of jpost.com

A good time to buy property in Israel

According to an article published at YnetNews.com, the Israeli Real Estate Market is at a 5 year low right now.  For those who are in a position to buy, this is a very good time to explore the opportunities as motivated Sellers will be eager to deal.

As Warren Buffett has said regarding “markets” and when to buy, etc., “when others are greedy, be fearful- when others are fearful, be greedy”.

Let us put you in touch with a competent Real Estate Agent in Israel who specializes in the area you are interested in.  Simply send an e-mail to lyle@buypropertyinisrael.com to get the process started.

Read the Ynetnews.com article about the Israeli Real Estate Market

Prices holding up in Raanana

In Raanana, a city of 73,000 people, with an estimated 20% of those people originating from English speaking countries, Real Estate prices are holding up with the exception of the luxury home sector.  This information is according to a Re/Max Franchise owner in Raanana. 

An informative article appeared on December 11th on Jpost.com that offers some explanation for the steady nature of the Raanana real estate market. 

Check out the jpost.com article

If you have been considering a home purchase in Raanana, let us connect you with one of our preferred Referral Real Estate Agents in Raanana so you can begin to get familiar with available opportunities.

Just send an e-mail to Lyle Plocher at lyle@buypropertyinisrael.com

Is this a good time to invest in Israel Real Estate?

I just read some very good information about investing in real estate in Israel which was accompanied by facts and figures related to the amount of housing available in Israel, especially affordable housing.  Read the article for yourself at the Blog of Ariel Vared, an Israeli Mortgage Broker.  If you like what you read there, let us put you in touch with a Professional Real Estate Agent in Israel to help you find your desired investment property.  Send an e-mail to Lyle Plocher at lyle@buypropertyinisrael.com

Ariel’s Blog