As Israel is not as service oriented or as developed in some ways as the US market, up until 10-15 years ago there were few Israel mortgage brokers out there. Israelis tend to not want to pay for extra layers, and for the most part dealt with the banks by themselves. Naturally it was...
Speaking to brokers about various aspects of the Israeli real estate industry you get many different opinions. The one message that has come across loud and clear, across the board, is that the market is not waiting for American or other foreign buyers. Brokers prefer to work with Israeli buyers rather than to chase...
Housing Prices Out of Control As we speak, apartment prices in Israel are spiraling out of control. Even in a city like Beit Shemesh, where people went to buy bigger, nicer, more affordable housing to avoid the sky high prices of Jerusalem, has risen to the point that while still cheaper than Jerusalem, you...
If you are considering buying an apartment in Israel, the first thing you want to know is how much is it going to cost you. Bo Home Israel has put together a pricing chart by neighborhood for both Jerusalem and Ramat Beit Shemesh (RBS) This chart is a very rough estimate because there are...
What is TAMA 38? TAMA 38 was a special project started by the Israel Housing Ministry back in 2005. The project helped to solve two problems for the government without them having to pay any money. The first problem is that Israel sits on a serious fault line, meaning that the country is earthquake...
The year 2022 is shaping up to see a double digit increase in apartment prices. Last week in an auction for builders to purchase lots in the Neve Shamir section of Beit Shemesh, the bidding went through the roof. For the eight lots that were auctioned off, 220 bids were placed. There was an...