Real Estate in Israel

In Israel in recent years, real estate is booming and one may wonder if American-Israelis like Ron Hershco and others will look there for investments. 

Some interesting tidbits:

n  102,000 homes were sold in Israel in 2012, an 18% increase from 2011.

n  Real Estate in Israel is weighting in the General Corporate Bond Index at 24% − with 2013 new issues already from Aloni Hetz who raised 340 million shekels, and Ashtrom Group who raised over 100 Million shekels

n  New York real estate company Zarasai recently issued  400 million shekels in bonds in Tel Aviv.  They already have an American property portfolio with over 8,000 apartments.

The Central Bureau of Statistics in Israel says that home prices increased by 1.1% from October to November. Between September and October the increase was 0.7%. For the 12-month period ending in November 2012, home prices increased by 5.7%.

Filed Under: Business


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