Nadlan Town Realty ltd.

Nadlan Town Realty ltd. Residential & commercial sales & rentals in Beit Shemesh, Ramat Beit Shemesh & surrounding moshavim. Commercial sales in Israel. Managed by Dan Sivan.

21/02/2021

The consumer Price Index (CPI) fell 0.1% in January,
The CPI has fallen 0.4% over the past 12 months(2020)but housing prices have risen by 4%
The housing prices index, which is separate from the CPI, continued to rise in the period November-December, in comparison with October-November, climbing by 0.9%, after rising 1%% the previous month.
The price of an average apartment in Israel in the fourth quarter of 2020 was NIS 1.574 million, compared with NIS 1.571 million in the preceding quarter.

15/02/2021

Housing sales in Israel hit 20-year high in 2020
In 2020 there were 107,100 housing deals, highest numbers in recent years.
62,000 of the deals were in the second half of the year, the highest number of homes sold in a six month period for 20 years, according to the residential real estate survey published by the Ministry of Finance.
Most experts expect the boom to continue in 2021 with prices expected to rise 3%-4% over the next year, according to government forecasts.

15/02/2021

With Remote Work, More and More Israelis Are Finally Leaving Tel Aviv:
In terms of encouraging people to move to Israel's northern and southern peripheries, the coronavirus has succeeded where decades of government policy have failed
Families are moving away from crowded, expensive urban centers in search of more space and a cheaper lifestyle.

The option of working from home is fueling the trend

18/01/2021

Bank of Israel (BoI) keeps the interest rate unchanged at its historic low of 0.1%, as expected.
Furthermore the BoI sees the Israeli economy contracting 3.7% in 2020 and growing 6.3% in 2021.
At the same time the bank predicts that unemployment rate is expected to decline during the year to 7.7% of the labor force in the fourth quarter of 2021.
They further claim that In 2022, the economy is expected to grow by 5.8%, the unemployment rate is expected to continue to decline to 5.4%,

4 rm in Sheinfeld, 110 sqm, succa porch, airy & bright, ideal for investor (3.7% return)Must sell NIS 1,499,000, make an...
21/12/2020

4 rm in Sheinfeld, 110 sqm, succa porch, airy & bright, ideal for investor (3.7% return)Must sell NIS 1,499,000, make an offer!

21/12/2020

Israel new home sales at 10-year high:
The Israeli Central Bureau of Statistics reported between August and October 10,550 new homes were sold
The most popular locations for the purchase of new homes were Ashkelon, Bet Shemesh, Tel Aviv, Beer-Sheva, Harish, Rishon Lezion and Ramat Gan.

07/12/2020

Bank of Israel (BOI)keeps rate unchanged:
The Bank of Israel Monetary Committee, headed by Governor Amir Yaron, has kept the interest rate unchanged at 0.1%, as expected.
Furthermore, the BOI sees the Israeli economy growing 5.4% in 2021, slightly higher than the Ministry of Finance's forecast of 5% growth next year.

29/11/2020

Shekel stronger despite Bank of Israel intervention: Lowest since July 2008
The shekel continues to strengthen against the dollar and against the euro. It was valued at NIS 3.314/ 1$ and NIS 3.946/ 1€.
With the shekel well on the way to falling below NIS 3.30/ $1, traders reported that the Bank of Israel intervened significantly to buy hundreds of millions of $ US in foreign currency to weaken the Israeli currency.

23/11/2020

Consumer price index (CPI) up 0.3% in October
The rate of inflation since the beginning of the year is minus 0.4%, and for the twelve months to the end of October it is minus 0.8%.
This represents good news for people with mortgages linked to the CPI

15/11/2020

Nadlan Town News:

Sales of new apartments in the third quarter of 2020 was one of the highest in the last decade, the Central Bureau of Statistics reports.Despite the holidays and second lockdown , sales of new apartments rose 69% in September compared with September 2019
More than 10,000 new apartments were sold in third quarter of 2020 with more than 10% (1,030 apartments in Ashkelon). 598 new apartments were sold in Tel Aviv, 570 in Beit Shemesh, 483 in Rishon Lezion and 462 in Netanya.

08/11/2020

Where do investors buy apartments in Israel?
In 2019, 2,600 apartments in Tel Aviv were bought by investors, the highest number in the country. The median price of an apartment in Tel Aviv is NIS 2.35 million .
In second place in 2019 was Haifa District where 2,372 apartments for investment were purchased. In Haifa the median price of an apartment is a much more modest NIS 775,000. Close behind was the Central District where 2,285 apartments for investment were purchased in 2019 with the median price being NIS 1.735 million (the region encompasses Rehovot, Ness Ziona, Rishon Lezion and Modi'in).
Next came the Negev with 1,800 apartments bought for investment with a median price of NIS 800,000. 1,500 apartments for investment were bought in the South Sharon region (Netanya, Ra'anana, Herzliya) where the median price was NIS 1.83 million.

01/11/2020

Mr Israel Engel, vice president and head of retail banking at Mizrahi Tefahot Bank claims that real estate prices will not fall:
He claims that they'll be stable. Consistently, since for years since there has been a gap between the number of households forming and building starts. There is cumulative shortfall of 90,000 housing units per year.
He added that construction times have lengthened to 31 months, whether because of the lockdown or because foreign workers are not being brought in. In addition, There is a clear growth in investment in real estate, this also causes housing prices not to fall.

Address

Ha'arazim Street
Bet Shemesh
9955378

Telephone

+972527635634

Website

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