An economic slowdown in Israel has prompted the Bank of Israel to lower interest rates three times in the last 6 months in an attempt to stimulate the flagging economy. However, the Bank of Israel has clearly stated that the moves are not intended to boost the housing market. The Bank of Israel cited the slowing economy and specifically, weaker domestic demand as one of the determining factors in its most recent decision to lower rates. In ...
The (slightly misquoted) saying of Oliver Wendell Holmes in the headline precisely reflects the opportunity afforded to foreigners who are buying properties in Israel, which is due to the mini-reform of the trust legislation in this country. But what is a trust, and why would you need one to buy a home in Israel? A trust is the relationship whereby property is held by one party for the benefit of another. A trust usually arises when a property is transferred by one party to be held by another party for the benefit of a third party, although it is possible for an owner to create a trust of a property for himself. A trust is created by a settlor or a grantor who transfers some or a...
| 1 Dollar | USA | 3.752 |
| 1 Pound | Great Britain | 5.8811 |
| 100 Yen | Japan | 4.6768 |
| 1 Euro | EMU | 4.9663 |
| 1 Dollar | Australia | 3.9916 |
| 1 Dollar | Canada | 3.7606 |
| 1 Krone | Norway | 0.6626 |
| 1 Rand | South Africa | 0.4856 |
| 1 Krona | Sweden | 0.5638 |
| 1 Franc | Switzerland | 4.1138 |
| 1 Peso | Mexico | 0.2934 |
| 1 Peso | Argentina | 0.8581 |
| 1 Real | Brazil | 2.1730 |
| 1000 Bolivars | Venezuela | 1.6386 |
We’ve all seen the number of headlines, sometimes conflicting, regarding the Israeli property market over the past few years. At times, it’s cited as one of the world’s hottest markets, yet with prices rising over 67% since May 2007, and 12% since August 2010, there are many detractors as well, citing the imminent approach of a bubble burst. It appears that these headlines have begun to take a toll on the market, with this past December, generally a busy time with with foreigners looking to buy and Israelis looking to move in time for the summer, being quite a quiet month. Where in December of 2010 Israel saw 8,466 sales , only a year later the holiday season produced 7,861 sales, a reduction of 7.7%. Despite the drop in volume, however, prices were 7.5% higher than ...
More often than not, “simple” choices aren’t as simple as they seem. Having opened up our second location on King George St., one of the busiest streets in Jerusalem, we felt it would be a good idea to install flat screen monitors in our window displaying current mortgage rates and terms. We assumed that the purchase and installation of the screens would not be overly complicated, however, our assumptions were far from correct. There are literally hundreds of options to consider ranging from screen size, flat screen technology, resolution, mounting solutions etc. It turn...
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