Economy

Investors Demand Return of 4.5 Million Shekels from Danuki Investments
Twelve investors have filed a lawsuit against Daniela and Nadav Nevo, owners of the tourism venture Danuki Investments. The plaintiffs allege fraud and illegal capital raising without a prospectus.

5 projects nationwide: Aura to market hundreds of apartments to "Hever" members
The campaign includes 2–6 room apartments, garden apartments, and penthouses in Hadera, Ramat HaSharon, Ramat Gan, Kiryat Ono, and Ofakim. Among the benefits: full exemption from indexation to the construction input index and deferral of the bulk of the payment until close to occupancy.

Former Beitar Jerusalem coach purchased an apartment in a 17-story tower in Ashkelon
Former footballer and former Beitar Jerusalem coach Barak Yitzhaki purchased a three-room apartment in a project by the Gohari-Afriat company in his childhood city of Ashkelon. The deal is estimated at about 2 million shekels, and the apartment is on the tenth floor - the jersey number that accompanied Yitzhaki throughout his playing career.

Deadline Approaching: Land Purchase Benefits for Reservists in Mitzpe Ramon
The Mitzpe Ramon Local Council is urging reservists to register by August 31 for the Israel Land Authority lottery. The tender allocates 46 out of 51 plots in the new "Maof" neighborhood to combat reservists, featuring significant land price discounts.

Aura Lowers Prices in 5 Projects: Discounts Reach 10%
Aura is launching a major campaign for Hever club members, offering apartments in five projects nationwide. Discounts reach 10%, alongside financing benefits and exemption from linkage differentials.

Shikun & Binui returns to the elevator sector by acquiring Naaman
Construction giant Shikun & Binui is acquiring control of the elevator company Naaman. The deal, valued at several tens of millions of shekels, will allow the company to reduce its reliance on external suppliers.

Real Estate Market: 4-Room Apartment Requires 2.3 Million Shekels in Down Payment
An analysis of CBS data reveals that the average price of a 4-room apartment in central Israel remains out of reach for many. With current prices, particularly in Tel Aviv, the required down payment makes purchasing a home an extremely difficult challenge.

Assessment Error Leads to 2.5 Million Shekel Debt
Ten property owners in Hod HaSharon face a 2,583,840 shekel betterment levy demand after an initial assessment was found to be erroneous.
Symbol of the North Erased After 70 Years: "A Piece of History That Disappeared"
The "Elite Instant Coffee" factory in Safed, a local landmark and source of livelihood for many families, has been demolished 70 years after its founding to make way for a new residential project.

"The Local Committee": A real estate podcast covering the hottest topics, developments, and innovations in the industry
"The Local Committee" is a podcast from the ice website, hosting leading industry figures for discussions on current hot topics, developments, and innovations.

Jerusalem Approves 30-Story 'Agron Tower'
The District Committee rejected objections and approved the Inbal company's plan for a mixed-use project to replace 'Beit Amir'. Located on the light rail line, the tower will feature 110 apartments, 114 hotel rooms, and commercial and public spaces.

Buying or Renting an Apartment? How to Avoid Trouble with Real Estate Agents
Summer is the peak season for Israeli real estate. To avoid disputes and financial losses when working with agents, it is crucial to understand the 'Real Estate Brokers Law' and properly document all agreements.

Tsahi Nahmias's Mega Or stock drops 17% in a month: the reasons
Tsahi Nahmias and Mega Or lost ground throughout July. We examine the reasons for this decline, whether uncertainty regarding land use in Hadera will continue to weigh on the stock, and how other real estate giants are performing.

The wealthy are buying 2 times more: Bank of Israel's record data revealed
Alongside the market slowdown, Bank of Israel data reveals that the volume of mortgages for apartments worth over 5 million shekels is soaring — this figure is critical for the housing market. The surprise: how many of the wealthy are taking a mortgage of over 60% of the property value.

Deal between Chaim Katzman and Tzahi Abu collapses one month after signing
Over the past two weeks, the relationship between businessman Tzahi Abu and the company's controlling shareholder Chaim Katzman has hit a dead end.

Apartments Without Protected Spaces Have Seen Faster Price Growth Than Protected Ones
A study by BYNDbiz reveals that since October 2023, the price per square meter for older apartments without a Mamad rose by 11.2%, compared to only 2.6% for protected apartments.

3,393rd place in the Harish lottery: sometimes the free market beats discounted apartments
An 'Apartment at a Discount' project in Harish, featuring 115 units, reached a winner who placed 3,393rd in the lottery. Amidst housing market stagnation, are better deals available on the free market?

Apartments in Piraeus: Israeli Real Estate Investors Find a New Target in Greece
After Athens, investors are discovering the neighboring port city of Piraeus. Convenient location, development pace, cruise ships, demand from students and tourists, and housing prices starting from 90,000 euros are attracting investors. Is this the next big hit? It is too early to say. Experts emphasize: potential exists in Piraeus, but moving from the familiar center of Athens requires careful...

Sde Dov Contamination: First Buyer Demands Deal Cancellation
The first purchaser of an apartment option at the Sde Dov complex is suing the real estate developer Gindi, demanding the cancellation of the deal and a refund due to severe soil contamination.

400 Apartments in a 35-Story Tower: New Tender in Ramat Gan
The Ramat Gan municipality has launched a tender for a major assisted living complex to replace two aging facilities. The project will feature 400 units housed in a 35-story tower and a 10-story building.

Kiryat Gat: Building permit issued for new residential project
The Ram Aderet Group has received a building permit for the first phase of the MY ADERET NORTH project in Carmi Gat North. The development will feature 237 apartments, with a portion allocated to the 'Apartment at a Discount' program and 118 units available on the free market.

After the crash: What happened to contractor stocks in July
Real estate stocks have been falling since the beginning of the year and suffered another painful decline in July, except for one stock that rose by a double-digit percentage. What happened to them and what is expected next?

Important Points About Mortgage Refinancing
Mortgage refinancing is the process of replacing an existing loan with a new one under better terms. Given the recent decline in interest rates, experts advise borrowers to review their current mortgage agreements.

Thousands of Apartments in Ramla and New Dorms at Weizmann Institute Approved
Planning committees have approved a 1,700-apartment project in Ramla's industrial zone and a new student dormitory complex at the Weizmann Institute in Rehovot.

Prashkovsky Launches Apartment Tender with Up to 15% Discount
The Prashkovsky company has announced a major promotion offering up to 15% off the sale price of new apartments. The tender will open on August 9 for 72 hours, featuring prestigious projects across the country.

Cost of living weighs on Americans: 21% jump in the pace of home foreclosures
Rising cost of living in the United States is eroding the budgets of homeowners associations (HOA) and is leading to an increase in requests for home foreclosures. According to ATTOM, in the first quarter of 2026 these associations filed 6,376 foreclosure requests—nearly 40% more than in the corresponding period in 2024, and in 2025 they filed over 285,000 foreclosure requests, an 8.8% increase...

Shlomo Eisenberg Increases Investment in Urban Renewal Amid Sector Downturn
Isras, controlled by Shlomo Eisenberg, has increased its stake in the urban renewal developer Yaaz to 10%, with a total investment of approximately 20 million shekels, despite market challenges.

New Data: Number of Owners with 9+ Apartments in Israel Jumped by 20% in Two Years
Tax Authority data reveals that during the war, the number of real estate investors in Israel grew at a much higher rate than single-apartment buyers. The most significant increase, 20%, was recorded among those holding nine or more apartments.

The Avisror brothers respond to the drama: "A significant moment for the company"
After raising 525 million shekels from leading insurance and provident funds, and purchasing apartments in the Sde Dov project for more than 100 million shekels, the Avisror brothers respond to the changes in the company.

Ministry of Tourism Requests 400 Million Shekel Loan Fund from Finance Ministry
The Ministry of Tourism is proposing a 400 million shekel state-guaranteed loan fund to support hotel expansion and the construction of new projects amid industry financing challenges.

Owner of historic sports club files for bankruptcy: massive debts and a recovery plan
Capital City Ventures has filed for bankruptcy protection for the historic St. Paul Athletic Club building in St. Paul. Facing debts of up to $50 million, owner John Rupp plans to convert the abandoned property into a residential complex.

A big deal for Eitan Yohananoff: Leasing a property for 25 years
The owner of the Yohananoff chain has signed a deal with Colmobil to build a 5,500 sqm store in the Nesher area. The total investment in the complex will amount to 100 million shekels.

Fattal Group Expands: Acquires Iconic Luxury Hotel for Nearly One Billion Shekels
The Fattal hotel chain has completed the acquisition of leasehold rights for London's The Dilly hotel. The total investment, including renovation and purchase costs, amounts to 220 million GBP (approximately 906 million NIS).

1 in 5 Reservists Won a 'Discounted Apartment': Results Published
60% of the winners in the 11th 'Discounted Apartment' lottery are reservists. The Ministry of Construction and Housing has begun notifying 7,922 winning households, with 4,734 reservists securing a win—a success rate of nearly 19% for that group.

20% of reservists received notification: You won an apartment at a discount
Out of 25,394 reservists who registered for the 'Apartment at a Discount' lottery, 4,734 received a winning notification this morning—nearly one in five participants. In total, approximately 60% of all lottery winners are reservists.

An Apartment in the Center for Under 2 Million Shekels: Where to Look and What to Expect?
A budget of up to 2 million shekels is no longer sufficient for a family apartment in most of Gush Dan, but it still allows for the purchase of a 3-room apartment in parts of Bat Yam and central Petah Tikva, small 2–2.5-room units in Tel Aviv and Ramat Gan, or 4-room properties in Lod and Ramla. The final choice depends on the buyer's willingness to compromise on space, building age, and location.

Tenant Rights: Repairs, Deposits, and Eviction
The Israeli rental market is now governed by new Ministry of Justice regulations establishing a default contract. These rules clarify responsibilities for repairs, deposit limits, and procedures for early termination.

Ministry of Finance warns: Another wave of real estate transaction cancellations is on the way
Most buyers who purchased an apartment during the financing benefit period have not yet reached the moment of truth, where they are required to pay the balance. According to the Ministry of Finance, this is expected to impact the market significantly in the coming year.

More than a million shekels per room: where was a 4-room apartment sold for 5.2 million shekels?
And also: how much did a 5-room apartment in Beersheba cost, how much was a 4-room apartment sold for in the center of Netanya, and for what amount was a 5-room apartment purchased in Haifa? A review of second-hand transactions.

Trust Crisis Between Katzman and Abu, Dahari, and Adiv Threatens G-City Deal
The deal for the sale of control in G-City is at risk of collapse due to a severe crisis of trust between seller Chaim Katzman and buyers Tzahi Abu, Kidan Dahari, and Yaron Adiv.