December 14, 2010 Market Update
<p><a href=”http://telavivbroker.files.wordpress.com/2010/12/sim_1.jpg”><img title=”Market Update” src=”http://telavivbroker.files.wordpress.com/2010/12/sim_1.jpg?w=300″ alt=”” width=”300″ height=”180″ /></a></p><p> </p><p>So who is buying apartments these days? As 2010 winds to a close, it’s not so easy to be a buyer in Tel Aviv. In order to enter into any real estate transaction one needs a certain degree of security, and it’s hard to have any sense of security when every day there seems to be a new article in any one of the newspapers here in Israel or elsewhere in the world, none of which says the same thing. One paper, for example, last week remarked, “Is the Real Estate Market cooling? 3rd Quarter sees a drop in real estate transactions to its lowest point since 2006.” Meanwhile, just the very next day, another paper’s headline read, “Is the joy a bit premature? The real estate bubble is beginning to inflate as demand for apartments jumps 13.7% in October.”<!–more–></p><p>So who are we meant to listen to? Is the market entering becoming a bubble or will prices only rise higher and should we buy now? Apparently, the buyers in recent months obviously don’t read the Hebrew press; foreign residents and investors continue to pump money into the Israeli market, with the Americans leading the charge, followed by the British, and the French rounding out the pack. So where are the Israelis? Renting, of course. Rental prices are soaring, especially those with parking (which make up less than merely 20% of the rental market) which have been rented out for record prices this Fall.</p><p>So what do we take from all of this? To put it simply, Tel Aviv is the center of Israeli life, culture, and finance. Israeli, foreigners, and diplomats alike are flocking to the city and there is no reason to see this change. All financial markets go up and down, only you can decide if it’s the right time to enter or not. You must evaluate your risk and come to a smart conclusion. I’m not a prophet or magician, but a broker, when you’re ready to work, I’m here, and happy to work with you.</p>
<p><a href=”http://telavivbroker.files.wordpress.com/2010/12/sim_1.jpg”><img title=”Market Update” src=”http://telavivbroker.files.wordpress.com/2010/12/sim_1.jpg?w=300″ alt=”” width=”300″ height=”180″ /></a></p><p> </p><p>So who is buying apartments these days? As 2010 winds to a close, it’s not so easy to be a buyer in Tel Aviv. In order to enter into any real estate transaction one needs a certain degree of security, and it’s hard to have any sense of security when every day there seems to be a new article in any one of the newspapers here in Israel or elsewhere in the world, none of which says the same thing. One paper, for example, last week remarked, “Is the Real Estate Market cooling? 3rd Quarter sees a drop in real estate transactions to its lowest point since 2006.” Meanwhile, just the very next day, another paper’s headline read, “Is the joy a bit premature? The real estate bubble is beginning to inflate as demand for apartments jumps 13.7% in October.”<!–more–></p><p>So who are we meant to listen to? Is the market entering becoming a bubble or will prices only rise higher and should we buy now? Apparently, the buyers in recent months obviously don’t read the Hebrew press; foreign residents and investors continue to pump money into the Israeli market, with the Americans leading the charge, followed by the British, and the French rounding out the pack. So where are the Israelis? Renting, of course. Rental prices are soaring, especially those with parking (which make up less than merely 20% of the rental market) which have been rented out for record prices this Fall.</p><p>So what do we take from all of this? To put it simply, Tel Aviv is the center of Israeli life, culture, and finance. Israeli, foreigners, and diplomats alike are flocking to the city and there is no reason to see this change. All financial markets go up and down, only you can decide if it’s the right time to enter or not. You must evaluate your risk and come to a smart conclusion. I’m not a prophet or magician, but a broker, when you’re ready to work, I’m here, and happy to work with you.</p>