Thursday, 7 November 2013

Israel Real Estate Report Q1 2014

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Israel Real Estate Report Q1 2014
Nov 6th 2013, 00:00

Price: $ 1295  

BMI View: We believe that the real estate sector in Israel will remain stable across all subsectors due to the consistent but slow growth of the Israeli economy. We have predicted some small changes, including a 5-10% rental increase in the Jerusalem office sector due to overcrowding in the main business area, as well as a 4-5% decrease in rental rates for the Haifa industrial market due to an excess of available space. Commercial real estate expansion is dependent upon a healthy macroeconomic environment. We project real GDP growth in Israel to come in at 3.7% and 3.8% in 2013 and 2014. Although the beginning of natural gas production in the Tamar gas field will ensure that growth accelerates compared with 2012, the domestic economy will remain in a soft patch, with austerity measures hitting pri ...

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