Economy

Israel Innovation Authority launches the 60 million NIS RSTPCS construction consortium led by Shapir, while Shufersal wins a 15 million NIS land tender in Ramat Negev.

Trump Tower Tbilisi was officially launched with an estimated $2 billion investment. Eric Trump highlighted the Georgian capital as a dynamic global investment destination.

Shufersal's real estate arm, Laro, won an ILA tender for 20 dunams near Ir HaBahadim, planning a 100 million shekel commercial center to serve travelers and soldiers.

Jerusalem residents filed a lawsuit demanding ten holdouts in an urban renewal project be declared unreasonable, citing massive cumulative damages over stalled redevelopment plans.

A Ministry of Construction and Housing report for 2025 shows public housing inventory grew to 47,299 units, halting a decade-long decline, while over 106,000 households received rent subsidies.

Leader Capital Markets warns that bank exposure to real estate developers has surged to 511 billion shekels amid a slowdown in apartment sales, raising systemic risks.

A new study reveals that 70% of first-time homebuyers take on risky mortgages exceeding 30% of their net income, despite average monthly payments dropping slightly to 10,864 NIS.

Israel's long-term rental housing market struggles with low supply, high demand in central areas like Tel Aviv, and rising rents, despite new projects in Sde Dov and Lod.

Haifa District Court canceled a 4.85 million shekel arnona tax bill issued to a nursery by Kiryat Ata, ruling the 250% rate hike discriminatory and custom-tailored.

A new Taub Center study reveals that actual mortgage financing costs in Israel surged 52% in 2023, outstripping official inflation data that relies on theoretical rent calculations.

Israel's special planning committee is advancing plans for at least 27,000 residential apartments by converting unused office spaces, tackling commercial surpluses and housing demands.

State housing discount programs have cost Israel nearly NIS 40 billion in lost land revenue and subsidies since 2022, according to Ministry of Finance data.

A new Alrov Institute index shows the average equity required for a 4-room apartment in Israel reached 1.38 million NIS, highlighting massive regional gaps from Beersheba to Tel Aviv.

Israel's Planning Administration report for 2025 shows an 11.5% rise in building permits to 84,429 units, while completion certificates dropped by 10% to 42,696 apartments.

Recent data from the Israeli Ministry of Finance reveals high market concentration, with just eight real estate companies capturing 20% of contractor cash flow and up to 70% of net liquidity, raising concerns for small developers.

BIG Shopping Centers CEO Haii Galis has been nominated for the prestigious ACROSS Personality of the Year award, standing as the only Israeli candidate among global real estate leaders.

Yuvalim Group received a building permit for the U-Park 2 logistics and industrial project spanning 65,000 square meters in Petah Tikva's Segula industrial zone.

A 2-room apartment in the Neot Golf project in Caesarea sold for 1.885 million shekels, reflecting strong demand and a 3.5% to 4% rental yield in the gated community.

A luxury 5-room apartment in Ashdod sold for 6.46 million NIS at the Gabai Group's The Lux project. The buyer, a Swiss-French resident of Geneva, highlights rising foreign demand for prime coastal real estate in Ashdod.

Netanya's historic Park Hotel, site of the 2002 Passover massacre, is slated for demolition under a new master plan to build a 30-story beachfront mixed-use tower.

Apartment prices in Israel rose by a minor 0.1% in May-June, sparking debate over market trends amid high interest rates, regional conflicts, and fluctuating transaction volumes in Tel Aviv.

Buyers in the Bnei Brak HaSofrim project filed a 1.58 million NIS lawsuit against developer Oded Shriki over apartment delivery delays, marking the fourth legal action against Arazi HaNegev.

Haifa's Sirkin Street has transformed from a neglected commercial area into a vibrant cultural hub, earning recognition in the Planning Administration's "Good Streets" study.

The Central Bureau of Statistics reported a mixed housing market trend in H1 2026, with Tel Aviv prices surging while other cities saw slight declines, alongside a 13.8% rise in cumulative mortgage volume.

Families in the northern community of Granot HaGalil face severe delays in expanding their neighborhood, highlighting bureaucratic hurdles amid ambitious state goals for regional population growth.

Psagot Investment House highlights US inflation pressures, rising Fed rate hike expectations, European monetary tightening, and a cautious recovery in Israel's housing market.

Israeli mortgage volumes hit a record 11.5 billion shekels in July, driven by falling interest rates and a wave of refinancing activity across the housing market.

Aspen Group is investing over 3 million NIS to upgrade the commercial center at Tel Aviv's HaPil Junction, set to reopen in October with a refreshed culinary and wellness concept.

The Jewish National Fund approved a 33 million shekel budget for 2026-2027 to fund detailed urban planning in Israel's northern periphery, tackling seismic risks and market failures.

The Supreme Court ruled that real estate developers in Target Price housing programs are not automatically entitled to construction fee exemptions, saving local authorities hundreds of millions of shekels.

Ari Real Estate, controlled by Tzachi Abu, moves to secure full control of a massive commercial complex in Ashdod through an option to buy out Iron Real Estate's stake for 137 million shekels.

A new land tender in the Bedouin town of Hura offers plots for semi-detached homes at a total cost of around 100,000 shekels, presenting rare sub-2 million shekel private housing opportunities.

A Petah Tikva court ordered a seller to pay 125,000 NIS in broker fees and compensation, ruling the agent was the effective cause of a Ra'anana home sale.

US President Donald Trump's childhood home in Queens, New York, has been sold for $1.93 million following extensive renovations by its previous buyer.

Apartment prices in Israel show continued stability despite a deep freeze in real estate transactions. A recent market review details actual second-hand property sales across Beersheba, Bat Yam, Ramat Gan, and other cities.

Israel's housing market grew by nearly 13% from May to July, led by a surprising 22% surge in apartment sales in Tel Aviv and strong activity across peripheral cities.

Israel plans to introduce mandatory landlord reporting and long-term lease incentives to regulate the 50 billion NIS rental market, aiming to curb soaring prices and stabilize contracts for 2.5 million tenants.

Intensive infrastructure work for the planned ultra-Orthodox city of Plugot near Kiryat Gat has been documented continuing through the Sabbath, sparking controversy.

Israel's ultra-luxury real estate market set a record in 2025 with 635 transactions exceeding 10 million shekels, driven by high-end projects like Rothschild 10 and massive buying in Sde Dov.

Israel's real estate market faces a severe three-year slump, with second-hand transactions plunging and brokers warning of a silent economic collapse across related industries.