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September 2, 2014 / 7 Elul, 5774
At a Glance

Posts Tagged ‘Real Estate’

Jerusalem of (Real Estate) Gold

Wednesday, March 12th, 2014

Today, Jerusalem is on the cutting edge of urban development that not even Tel Aviv can approach. The light rail that is already operational has given the center of the city an almost European feel, and the work underway to build a train station in the International Convention Center will make the center of the capital even more accessible.

Visitors to Jerusalem are welcomed by the boldly designed Calatrava Bridge. Planners and developers are also in the process of constructing the new Cinema City complex, which will become a major leisure and entertainment center. These are just the initial indicators of the profound aesthetic transformation which Jerusalem is undergoing, and it compliments the spate of high-rise construction which the city is hard at work in advancing.

There are currently dozens of high-rise construction projects that are progressing toward the final stages. Soon, the entrance to Jerusalem will be dotted with buildings that reach as much as 32 stories high. Most of them will be office buildings that serve commercial ends. There has also been a renewed momentum when it comes to the building of residential complexes. In the last five years, changes to the city’s master plan have accommodated the planing and construction of high-rise residences.

Bridge and City Model

“The master plan dramatically changed the moment it was decided to cancel the Safdie plan in west Jerusalem (which included the construction of 20,000 apartments in undeveloped areas),” said Dalit Zilber, the Interior Ministry’s Jerusalem District Commissioner. “Instead of expanding westward, today we are talking about moving inward and thickening the interior of the city through renewal and renovation. We are carefully examining and scrutinizing every project, and we are taking great pains not to exceed the guidelines of our policy.”

Altering the skyline

In recent years, the Jerusalem skyline has been altered by a number of high-rise towers that were built without a clear policy in mind. The most glaring example of this is the Holyland project, which was built in the southern part of the city atop a ridge that hovers 700 meters above sea level. The sprawling complex stretches across 162 dunams, and it can be seen from almost any point in the city.

Initially, a scaled-down version of the plan, which was intended to serve tourists, was approved. As time went on, however, more additions were incorporated into the project, and the construction expanded to include more apartments and hotels. In total, Holyland encompasses 17 towers that stretch between 18 and 20 stories high, with the exception of two towers that reach 31 floors. Overall, there are 1,000 apartments in addition to a hotel.

Thus far, just eight of the 17 buildings have been completed. A few years ago, a police investigation revealed that some of the plans at the site were approved in exchange for bribes offered by the project’s contractors. This led to changes in the original plan. Last year, the Interior Ministry decided to reduce the scale of the plan, erasing a few of the towers that were scheduled to be built.

Another residential complex that has become very difficult to ignore is the Jerusalem of Gold project, which lies at the corner of Rabbi Akiva and Hillel Streets. This large, upscale apartment complex, which was initiated in the 1990s, includes two residential towers that reach 25 floors and include 209 apartments. The plan was built despite opposition from local residents.

Another tower that takes up prominent place on the city’s skyline is the Seidof Tower, which is located on the corner of Jaffa and Eliezer Streets, not far from the Mahane Yehuda open-air market. The project was initiated and developed by a number of private individuals and businessmen who initially proposed that the building include no more than seven floors of apartments. Shortly afterward, their appetite was whetted, and plans changed, rendering the project a high-rise tower.

Canadian Jews Buys Tel Aviv Penthouse for $31 Million

Monday, February 24th, 2014

You missed the boat if you wanted to pick up a nice little penthouse in Tel Aviv.

An unidentified Canadian real estate tycoon picked up a seafront penthouse, stull under construction, for a paltry $31 million, Globes reported.

The apartment is on the 20th and 21st floors and the balconies cover an area of 3,000 square feet, and that is not a typo – three thousand and not three hundred.

The “Herbert Samuel” project of 40 apartments is being built by Ofer Investments.

The project includes a swimming pool, spa and fitness room. If you want to buy in before it’s too late, there are four apartments left.

NIS 1 Billion in Mortgages Granted in First Half of October.

Monday, October 15th, 2012

In the first half of October, NIS 1 billion have been granted in new mortgages.  Considering that seven days were taken up by Jewish holidays, this is a robust number, according to a report by Israel’s Globes business magazine online.

The report states that Israel’s housing market has been heating up all summer, with many of the properties being purchased for investment.  NIS 3.2 billion in new mortgages were granted in September, a drop from the record NIS 5.8 billion granted for mortgages in August, but a 7% increase above the same month last year.

The #1 Thing You Should Know About Real Estate Investing in Israel

Sunday, June 17th, 2012

If you buy a property as an investment, there are two ways you can profit – either you sell it for more than you paid, and/or you collect rent. Let’s look at each of these and see why they often don’t work out:

Selling for a profit

If you buy a property for an investment, hoping to sell years down the line at a profit, remember, that it’s not always easy to sell an apartment. Though people talk about the dearth of housing in Israel, there are “For Sale” signs all over, even in Jerusalem. The best way to ensure a quick sale of property is to sell it at a low price, often at a loss. But even if you don’t need the money and can afford to hold onto the property, remember you have the “friction” of buying and selling in the form of taxes, lawyers’ fees, real estate agents, assessors, mortgage costs, and more.

Collecting rent

In some parts of Israel, rental income represents 2% of the value of the property. So if you’re looking at a rental apartment to provide cash flow, you haven’t found the best return. Moreover, there’s no guarantee that you’ll have renters for 12 months a year. If you presume that, on average, you’ll only be full 10 or 11 months a year, account for the fact that your income would be around 8% lower than if you were full all year round. And if you can’t rent the property out at all, then your money is tied up in a non-performing asset.

So if you are considering investing in real estate in Israel, the #1 thing that you need to know is that buying physical real estate could be a bad investment. That’s why for real estate investing, I prefer using REITs (real estate investment trusts), which trade on a stock exchange, pay dividends, are easy to buy and sell with low cost, and can be bought in the form of a mutual fund.

There are many reasons to buy property in Israel, not only financial. Some Zionists want to solidify their connection to Israel, or hope to one day retire there. Before you buy real estate (or any investment vehicle), make sure you understand your motivation and the pros and cons.

If you want to know about practical investing in Israel, sign up for my company’s investment newsletter and get a free investment ebook as a gift.

Title: English to Hebrew by Subject: Topic Dictionary for Learning & Reference

Wednesday, February 17th, 2010

Title: English to Hebrew by Subject: Topic Dictionary for Learning & Reference

Author: Hanna G. Perez

Publisher: Joel Yaron Publishing

 

 

   Readers can be more fluent and confident in their Hebrew communication efforts in only 231 paperback pages when they read English to Hebrew by Subject: Topic Dictionary for Learning & Reference. The second edition paperback is packed with 41 chapters full of necessary words and phrases for present-day and future life in Israel. A companion CD in each edition allows listeners to hear words and phrases clarified for listeners with British or American accents.

 

   English to Hebrew by Subject content is arranged in sensibly expanding subject frameworks. That device speeds up the search and discovery of the words you need. Chapter headings lead to content further broken down into sub-sections zeroing in on the exact vocabulary for specific situations.

 

   Context-based chapters can empower business people and everyone else. They include: Animals, Polite Phrases, The Human Body, Family and Identity, The Five Sense, Behaviors (good and otherwise), Health, Life Cycle, Food and Drinks, Nouns, Verbs, Real Estate, Postal Services, Careers, Toys and Games, Sciences, Measurements, Mathematics, Politics, the Army, Art, Plants, Economy and Business, The Mind, Music, Journalism and Print. Other subjects, among them Law and Justice, Weather, Geography, The Universe, Communications, Computers, Clothing, Cosmetics, Adverbs, Adjectives, Pronouns and Conjunctions, Film, Literature, Plants, Time and Seasons are also capably covered in the materials.

 

   Paired with a Hebrew thesaurus, English to Hebrew by Subject can propel personal progress in speaking, writing and listening to Hebrew far beyond previous ulpan parameters.

 

   A sample chapter and contents list can be downloaded at www.engheb.com/htm/clip.htm.

Title: English to Hebrew by Subject: Topic Dictionary for Learning & Reference

Wednesday, February 17th, 2010

Title: English to Hebrew by Subject: Topic Dictionary for Learning & Reference


Author: Hanna G. Perez


Publisher: Joel Yaron Publishing


 


 


   Readers can be more fluent and confident in their Hebrew communication efforts in only 231 paperback pages when they read English to Hebrew by Subject: Topic Dictionary for Learning & Reference. The second edition paperback is packed with 41 chapters full of necessary words and phrases for present-day and future life in Israel. A companion CD in each edition allows listeners to hear words and phrases clarified for listeners with British or American accents.

 

   English to Hebrew by Subject content is arranged in sensibly expanding subject frameworks. That device speeds up the search and discovery of the words you need. Chapter headings lead to content further broken down into sub-sections zeroing in on the exact vocabulary for specific situations.

 

   Context-based chapters can empower business people and everyone else. They include: Animals, Polite Phrases, The Human Body, Family and Identity, The Five Sense, Behaviors (good and otherwise), Health, Life Cycle, Food and Drinks, Nouns, Verbs, Real Estate, Postal Services, Careers, Toys and Games, Sciences, Measurements, Mathematics, Politics, the Army, Art, Plants, Economy and Business, The Mind, Music, Journalism and Print. Other subjects, among them Law and Justice, Weather, Geography, The Universe, Communications, Computers, Clothing, Cosmetics, Adverbs, Adjectives, Pronouns and Conjunctions, Film, Literature, Plants, Time and Seasons are also capably covered in the materials.

 

   Paired with a Hebrew thesaurus, English to Hebrew by Subject can propel personal progress in speaking, writing and listening to Hebrew far beyond previous ulpan parameters.

 

   A sample chapter and contents list can be downloaded at www.engheb.com/htm/clip.htm.

Printed from: http://www.jewishpress.com/sections/title-english-to-hebrew-by-subject-topic-dictionary-for-learning-reference-2/2010/02/17/

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