The rise in sales was attributable in part to rising wealth levels among Israelis as the US stock market soared. Record-low interest rates are also spurring buyers to take mortgages at record levels.
Currently, purchases by foreign residents have dramatically declined, with the Chief Economist at Israel’s Ministry of Finance reporting a mere 50 apartments bought by foreign residents in April 2020
One-third of renters have asked their landlords to reduce their rents or to delay payments. Among those whose household incomes have been affected by the pandemic, that number was 43%.
According to a study by CBRE Israel, Tel Aviv is ranked 25th in the world among metropolitan cities in office rents.
The cost of renting a safe per year is about NIS 1,650 + VAT.
A business expert from Lahav, a branch manager from Bank Hapoalim, an interior designer and the owner of an architect firm explain how to cope with the financial crisis – and even emerge stronger.
The concept is rather simple but sounds promisingly efficient. Renters which use the app can share their opinion about the brighter and less brighter aspects of their apartments.
In ordinary days, pre-coronavirus, as you walked through the bustling cafés, you were, in fact, walking past real ghost apartments.
That makes it very important to ensure that the project has already received a legal building permit, and that your present and future financial sources allow you to meet your mortgage payments