All this increase that has supposedly occurred in the past year is some kind of bubble.
People don't suddenly want to move to Haifa, no new jobs have been created here (unfortunately) and young couples don't suddenly find new attractions here.
Because of the recession and the bad alternatives for investing in the Bank, investors from Tel Aviv "discovered" Haifa and bought some properties here.
It raised the price a bit and now everything suddenly becomes clear. The sellers, for their part, think that they have gold in their hands, raising the prices
Not realistic and everything is stuck.
Now even the brokers say this:
http://www.mynet.co.il/articles/0,7340, … 43,00.html
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[quote="guest":1y77qie4]It's good that it doesn't become an advertising section..
right. This is an intruder (vandalist) that was blocked and deleted. the system.
It's good that it doesn't become an advertising section..
There are two conflicting trends here and those who examine in depth have already overcome them
One trend is bubble-investors, contractors and entrepreneurs as well as quite a few media people in the field, who mobilize together to inflate
Bubble on, we are presented with real horror scripts about the lack of apartments - while only the central cities have about 20
A thousand apartments under construction and many places advertise two years until they finish selling a project. But they are theirs,
Pay attention to how many, for example, headlines about real estate take up on the TV shows, at least one article a day. That's how they pump it up.
On the other hand, there is a trend in the field - there were no huge increases in the wages of all of us, there is no tremendous economic abundance here -
On the contrary, no one really knows whether we are heading for another recession or a very cautious recovery. Only one sector inflates it
The real estate, while more and more circles of apartment buyers find themselves out of the game. So how long can it last?
It is clear that there will be a decrease in both the volume of transactions and the price levels. Not something sharp but gradually it will return to proportion
If the buyers knew how to be wise and are now also slowly blocking the bubble holes from the mortgage banks, they too
There was of course a contribution to the matter. And if the government were to issue a few thousand more apartments at a price per inhabitant, the whole business would
would go down more sharply.
Therefore, for anyone who fears that they should buy now because who knows in another year the prices will rise again, this game is about to end
Anyone who is familiar with the real estate market understands that the bonanza is coming to an end and there is a rush of marketers to rapidly market apartments and produce
Let's move on with the fictitious hysteria to finish marketing projects for which they took funding and are leveraged.
If they were to check specific neighborhoods, they would find a much larger decrease than 5%, in established neighborhoods in Haifa there are probably more sales. What I see in Ramat Shaul and Carmel French is a pretty dead market. If there is a huge gap between the asking price and the closings then there is.
[quote="web crawler":3otixbg6]Further confirmation of the expert position presented here in November 2009.
Haifa leads the price declines with a retreat of 5%
[url=http://www.news1.co.il/Archive/001-D-239653-00.html?tag=07-10-51:3otixbg6]הפרטים כאן[/url:3otixbg6]
Note that we are not talking about a 5% drop in prices in Haifa, but a decrease in the amount of sales:
"Haifa: 400 new apartments were sold, a decrease of 23%. 3,600 second-hand apartments were also sold, a decrease of 5%."
But this fact is no less encouraging!!!
According to a video report by BIZPORTAL Haifa, the city of the biggest negative immigration in the country - for apartment sellers, keep raising prices, you will surely sell...
Shakad prices went up, but not from 1900 to 3000.
Those who paid NIS 2008 at the end of 1900 will probably pay NIS 2500-2600 at the moment
If the owner of the apartment bargains and you don't mind going through, explain to him that there are several hundred more apartments in the city for immediate rent at any given moment and this is not Tel Aviv
According to the Marker-Yad 2, the prices in Haifa again increased by almost 5 percent in a month, the fact that the closing prices are much lower than the asking price was published about a month ago in a small news item in the finance (according to which the gap in Haifa is the largest in the country), the fact that the number of transactions decreased by half in the 1st quarter of 2010 compared to the 1st quarter of 2009, no one bothers to advertise.
The real estate brokers in the center with a very simple goal - to empty the rest of the country as much as possible, to create a bubble in the center.
It works great for them and the one who worked for this bubble was Olmert who was 30+ on the Likud list and succeeded
To connect with the farm forum and real estate criminals like Omri Sharon (and Uncle Appel, he was also recently convicted) and together
They established the Kadima bubble with Sharon, and then Olmert continued the bubble, a process that created (Holyland)
More from being mayor of Jerusalem. The move says this: the more land they return and prevent construction in the rest of the country
(The politics of the Oslo disaster, the crushing of the economy, the image of the peripheral cities as weak heirs, ignorant, ultra-Orthodox, Arab...)
This way they will be able to create waves of immigration to the central state where the money, high tech, media will be concentrated and thus those who have accumulated property there
He would be able to trade in his land and apartments, live by renting them out at huge prices - the business worked like clockwork. the media
Pamper you the White City in Tel Aviv and how wonderful Bauhaus is, Neve Tzedek has turned from a slum and ruins
For the next thing, remember the Florentine series on TV? And Ramat Aviv Gimel? Everything was very well thought out. you didn't see
A series about Hadera and you won't see a clip filmed in Afula. There is a very sophisticated mechanism here that works in the background and together with people
The contractors association and with real estate brokers and tycoons who own land in the center continue to inflate a huge bubble.
are closed at much cheaper prices than the requested ones.
The problem is that everyone is asking for sky-high prices.
Even if in the negotiations deals are closed at a more or less normal price, it is discouraging and requires patience and bargaining skills.
In my opinion, those who do not owe an apartment in the near future will go see apartments, the prices will not rise, certainly not the actual transaction prices, in practice, in the last quarter, there is a halt to the transactions in Haifa and those that do close are closed.
Distinguish between a requested price and the actual purchase price.
The prices reported in the newspapers are also intended to continue to inflate prices, usually later it is discovered that it does not exist or that there is something similar that is sold for much less.
Nothing happened, the walls are not made of gold, the floors did not turn to ivory.. Whoever asks in heaven, thank him very much and move on..
Absolutely right!!! In February 2009 I went to see a triplex for sale in Ramat Begin, 180 square meters + 50 square meters garden. They asked for 1,470,000 NIS. Two days later when I contacted them about closing a deal, they said that they had already sold... today they would ask for at least 2,500,000 NIS for such a property (they won't get it...).
What's going on here?? When is this bubble going to burst? Nothing has changed in Haifa for the better to justify such an increase.
[quote="Yair":3bfwcy94]Attached are the real estate prices for last year's Passover, I would be happy to get an explanation from when I bought real estate in Haifa, what has changed this year that justifies a difference
Such in prices? There are places that today ask for 50%, if this is not a bubble then what is the definition of a bubble?
In my opinion, we must pay tax on windfalls from renting apartments, just as I pay 20% tax on windfalls (and if I make 7% net annually I say thank you, I don't know such numbers 30-50%) those who invest in real estate also need to pay.
Such a move will lower prices throughout the country. Owning an apartment is a right that should be possible for every citizen in the country, especially for young couples who served in the army
Work and pay taxes!!!!!!!!!
A 4-room apartment with an area of 100 square meters on the second floor, in need of renovation, was sold for NIS 770 on Mabarot Street in an estate.
On Bethlehem Street in the French Carmel, a 3-room apartment with an area of 75 square meters on the second floor, renovated, was sold for NIS 450.
In Kiryat Sheprincek, a 3-room apartment with an area of 70 square meters on the second floor, renovated, was sold for NIS 210.
A 3.5-room apartment with an area of 85 square meters was sold on Hayarkon Street in an estate with a balcony, parking, jacuzzi and the possibility of building an additional room for NIS 1.1 million (Anglo-Saxon - Haifa).
On Freud Road, a 5-room penthouse with an area of 130 square meters on the third floor with an elevator and parking, in a new project, was sold for NIS 1.1 million.
On HaSport Street in the center of Carmel, a 3-room apartment with an area of 85 square meters on the second and last floor, renovated, was sold for NIS 710 (Remax City - Haifa).
A 5-room garden apartment with an area of 130 square meters and a 100 square meter garden with parking and a sea view was sold on Golda Meir Street for NIS 1.31 million.
On Isaiah Street in the French Carmel, a 3-room apartment with an area of 70 square meters on the fourth floor without an elevator was sold for NIS 365.
A 4-room apartment with an area of 90 square meters on the second floor without an elevator and with parking and a view of the bay was sold on Nativ Chen Street in Neve Shanan for NIS 523 (Reshef Properties - Haifa).
The question is whether there is a bubble, whether these are real increases that are behind the rising prices of materials or a lack of land.
From what you can see, Haifa has more land for thousands of apartments. My question is when they start building Ramat Habib, that is
1000 apartments, the Lincoln, it's 2000, Ramat Zemer, it's 1000, near the stadium at the entrance to Haifa, it's 5000, just the plans
These together with what has already been built today in Ramat Dania and another around 10, isn't that a reason why the prices will drop?
The bluff was finally exposed.
Dozens of deals are reported from the air (that is, they don't exist).
Attempts to inflate prices in a certain environment over several months.
An article in Globes about brokers http://www.globes.co.il/news/article.as … 0&fid=3311" onclick="window.open(this.href);return false;
XXX has been deleted. We will not allow defamation on the site. Facts and conclusions must be brought.XXX
If they would only inflate data it would be a good situation.
I almost made the worst deal of the year with the help of their misrepresentation and I also committed to pay 20 NIS for the pleasure.
When buying an apartment, do yourself a favor and check everything relevant,
Remember everything a broker promises is a lie until proven otherwise.
The real estate section of Globes this morning with the headline "Inflating even in Haifa: a 5-room apartment was rented for NIS 5800 per month"
This is how the ad appeared on the Globes website, according to a report by the Re/Max agency:
"A 5-room apartment with an area of 150 square meters on the first floor with parking, a storage room and a balcony was rented for NIS 5,800 per month on Enzo Sirni Street."
Pay attention to the mistake: "per month" and not "for a month".
What turns out? The apartment was not rented long-term and it is not a regular rental. This is a hotel in Ramat Eshkol called Dior Eshkol,
who apparently rented the rooms for a high amount for a period of one month during the holidays. Here is also the website of the apartment on Enzo Sireni Street:
http://www.haifa-accommodation.co.il/he/index.asp" onclick="window.open(this.href);return false;
So do Globes and the other real estate sections publish like ducks everything without checking?
It turns out that it is. Who is puffing and puffing? The mediators with the help of "journalists".
Everything depends on the development of Haifa. If more jobs are created, the demand for housing will rise and prices will rise.
It should be remembered that the city has the largest amount of elderly population in the country and this population
Turns out a lot of existing apartments. Only if investors pounce on them does this create a temporary increase in prices
of these apartments, the question is whether there will be a wave of attempts to sell investment apartments and then the prices will drop.
A lot of data is missing in Yitzhak Levy (at least in the online version). The tax authority's database is open and it is possible to calculate an order of magnitude of the price per meter actually sold in similar apartments in the sense that you need to download a concentrated tabu and physically see how many similar apartments there are in the area, it is good to arrive at a correct figure.
The price you should pay, in my opinion, is the price per meter *size +-10%
People who pay this price +30-40% fririers potentially only in the sale it will be possible to test it.
You don't need to take seriously the price asked for second hand, etc. There is a price list of Levy Itzhak apartments, you can shoot the real value of properties.
The simulated "celebration" is mostly over the pages of the newspapers.
Every article has an interest behind it.
On March 31 of this year I wrote (in this thread) that we must impose a tax on investment apartments because the prices have risen illogically and disproportionately to the average socio-economic situation in Israel (it is more correct to say the median situation is worse),
Indeed, according to the Demarker today, a tax of 20% will be imposed on real estate spirits starting January 11, if the capitalists fail to cancel the idea, real estate prices will return to sanity, mainly in cities that rose mainly because of apartments for investment and not for living like in Haifa.
With God's help, next year anyone who is interested will be able to buy a residential apartment in the city at a reasonable price.
Do not believe what is written in the newspapers for three reasons - a. Their data is taken from unreliable sources like
Average prices on bulletin board sites that do not reflect the selling price. B. from brokers and contractors, whose goal
To create a feeling of pressure and panic to rush people to buy an apartment, c. From the CBS and the Treasury, whose data are also affected
Averages and seasonality and they also admit that this is not reliable real data.
Therefore there is nothing to get excited about, jumps up, jumps down. Ultimately it's how much someone is willing to pay for your property.
You can also demand a 15% increase but if no one agrees to pay, it's virtual. There are neighborhoods in Haifa that are in demand
And so are willing to pay more for good apartments, we all know that this is a limited number of neighborhoods in Carmel and Neve Shanan.
So if you publish news only about luxury apartments in Carmelia, Margalit or Neve Shanan, you can create the illusion of high prices.
All in all, for regular 4-room apartments in Haifa, both second-hand and new, you will pay less today than you would a decade ago.
According to the Demomarker, real estate prices rose by 3.3 percent in the month of March, people went crazy, what is this volatility in prices, if one seller who doesn't really want to sell raises the price of his house by 10 percent in a month, that doesn't mean that the 50 sellers who see his ad and want to sell need to that too.
I don't think that a resident of Haifa who knows the local real estate market and has checked it over the last decade (something that should be done before buying an apartment) will agree to pay the required prices today, maybe only in the future if they manage to maintain this level of prices for a period of more than a year, Haifaites will start buying again!
For now, it seems that this increase is for nothing, apartments are not moving at the above prices
In Haifa there is an absurd situation where the prices of second-hand apartments, if you believe the tables, are already higher than the prices of new apartments
which are built next to them. This is a pretty good indicator that the board prices are a fiction and if there is a bubble it is mostly virtual in experience
to look for some sucker investor. The stock market is rising, the interest rate is rising, investors are moving back to other investment avenues and therefore
Even the few increases in the area of investment apartments have probably come to an end.
It is impossible to say once and for all that Haifa has great untapped potential, if the increases were a real trend change, new construction should have started in the city, and not just courting contractors who do not come.
The prices I cut and pasted are reasonable prices from last year and not from today, the unusual increase is from May 2009. I did not check prices in 2000, but if these were the prices, it only emphasizes the increase in prices, because the last decade is a decade of declines.
Where do you see a bubble in these prices?
Let's take some examples you posted here:
A 3.5-room apartment with an area of 85 square meters with a balcony, parking, jacuzzi and the possibility of building another room was sold on Yarakon Street in an estate for NIS 1.1 million.
Yarakon Street is considered a prestigious street. The price of good 4-room apartments at the beginning of the decade was around 200-250 thousand dollars. At this price, price
of 1.1 million reflects a very small price increase during the last decade relative to the central cities.
Next: On Freud Road, a 5-room penthouse with an area of 130 square meters on the third floor with an elevator and parking, in a new project, was sold for NIS 1.1 million.
Again, this is also the price of such a property 10 years ago - around 250 thousand dollars. Let's say the prices have gone up by NIS 150 since then. That is, a minimal increase
An annual rate of NIS 15, not only is it not a price bubble, it can be said that it is a sharp real drop, relative to the center of the country.
On HaSport Street in the center of Carmel, a 3-room apartment with an area of 85 square meters on the second and last floor, renovated, was sold for NIS 710.
3-room apartments in the center of Carmel are worth much more. This is a low price for a renovated apartment on Hatsport Street. The price of 3-room apartments is around
The center of Carmel is NIS 800-900 thousand.
A 5-room garden apartment with an area of 130 square meters and a 100 square meter garden with parking and a sea view was sold on Golda Meir Street for NIS 1.31 million.
Again, this is a very reasonable price for a luxury property with 100 meters of garden in Ramat Golda - 350 dollars (NIS 3.7 per dollar), enough
The same as what you would have paid ten years ago for such a property, which means that in the luxury neighborhoods there is a continuous stagnation in prices and not increases.
A 4-room apartment with an area of 100 square meters on the second floor, in need of renovation, was sold for NIS 770 on Mabarot Street in an estate.
4-room apartments in an estate - 180-250 thousand dollars even 10 years ago. (NIS 3.7 per dollar) This is about 210 thousand dollars, the same ranges
Prices. It may be that after the switch to a price denominated in shekels, it will sound much better to people, and the prices will freeze.
Maybe explain where the price bubble in question is? Compared to the center of the country, and compared to the prices of apartments 10 years ago - there is a stagnation
In the price level and in front of the center of the country, increasing price gaps.
Attached are the real estate prices for last year's Passover, I would be happy to get an explanation from when I bought real estate in Haifa, what has changed this year that justifies a difference
Such in prices? There are places that today ask for 50%, if this is not a bubble then what is the definition of a bubble?
In my opinion, we must pay tax on windfalls from renting apartments, just as I pay 20% tax on windfalls (and if I make 7% net annually I say thank you, I don't know such numbers 30-50%) those who invest in real estate also need to pay.
Such a move will lower prices throughout the country. Owning an apartment is a right that should be possible for every citizen in the country, especially for young couples who served in the army
Work and pay taxes!!!!!!!!!
A 4-room apartment with an area of 100 square meters on the second floor, in need of renovation, was sold for NIS 770 on Mabarot Street in an estate.
On Bethlehem Street in the French Carmel, a 3-room apartment with an area of 75 square meters on the second floor, renovated, was sold for NIS 450.
In Kiryat Sheprincek, a 3-room apartment with an area of 70 square meters on the second floor, renovated, was sold for NIS 210.
A 3.5-room apartment with an area of 85 square meters was sold on Hayarkon Street in an estate with a balcony, parking, jacuzzi and the possibility of building an additional room for NIS 1.1 million (Anglo-Saxon - Haifa).
On Freud Road, a 5-room penthouse with an area of 130 square meters on the third floor with an elevator and parking, in a new project, was sold for NIS 1.1 million.
On HaSport Street in the center of Carmel, a 3-room apartment with an area of 85 square meters on the second and last floor, renovated, was sold for NIS 710 (Remax City - Haifa).
A 5-room garden apartment with an area of 130 square meters and a 100 square meter garden with parking and a sea view was sold on Golda Meir Street for NIS 1.31 million.
On Isaiah Street in the French Carmel, a 3-room apartment with an area of 70 square meters on the fourth floor without an elevator was sold for NIS 365.
A 4-room apartment with an area of 90 square meters on the second floor without an elevator and with parking and a view of the bay was sold on Nativ Chen Street in Neve Shanan for NIS 523 (Reshef Properties - Haifa).
How can you say that there is no price bubble, when old houses on the sea road cost around 250-260 million
A thousand dollars, I don't remember a time when the asking prices were so high, it's crazy to buy at such prices, it's better to rent or wait for a new building in Haifa, for a new house of 100 meters you can pay such sums, but for a 40-year-old ruin???????? ?? Even if it is renovated, it is still without a modern insulation meter elevator, it just doesn't make sense.
There was no bubble here, there were several attempts by brokerage firms to create an image of rising prices.
In the end this may be true for 2-3 small neighborhoods in Carmel, maybe even individual streets.
The rest of the city remains at a standstill
It seems that throughout the country the euphoria is fading a little. It could very well be that in the center because of construction starts and low prices
will maintain a uniform level throughout 2010, perhaps in some of the most sought-after areas there will be another 5% increase, but
In second hand apartments and rent we will see decreases of 5-10%.
In the southern periphery, which is Beer Sheva, demand is low and prices are at a standstill, the same is true in Haifa. We'll see here too
This year's declines of 5-10%, which is a trend that has been going on since the end of last year and will continue. Much depends
in the economic and security situation. The deterioration in these two parameters will send the prices to a dive of 15-20% in my opinion.
[quote="one who follows":3t7wfaej]The thread is more topical than ever. After all, the writer of the news here probably saw the things in advance and it was indeed published today on the website
All the guns of real estate are here as guests.
Everyone understands that talking about "real estate" in Haifa is on the website of the Haifaites with the best and not with reporters who write in the national press based on rumors.
The thread is more topical than ever.
After all, the writer of the news here probably saw the things in advance and it was indeed published today on the website
"Wala" because the city of Haifa stands out in the drop in real estate prices for the second month in a row.
Is this the bursting of the bubble that inflated here in the last year?
Are the investors from Tel Aviv starting to flee? Time will tell...
http://finance.walla.co.il/?w=/3/1651139&m=1&mid=85969" onclick="window.open(this.href);return false;
The prices have really gone up, between 2500 and 3000 this would be a reasonable price.
Although the thread is a bit old, it continues to be relevant. At the end of 2008 I paid 1900 NIS rent for 3 rooms 85 square meters in the center of Carmel. Now how much should I pay for an apartment in the center of Carmel that is 3.5-4 rooms?? (normal). Am I seriously asking?
As an apartment renter, I hereby testify that every year the rent has been higher for the same apartment for 3 years.
Unfortunately, the economics websites mislead people, or inflate price bubbles in order to keep getting a dose of juicy stories.
It is almost a phenomenon where the newspapers produce news instead of covering it. One of the attempts to produce news in Madori
The real estate came from equipping each section (as part of the struggle between them) with "price surveys" by partnering with the listing sites
on the internet But we all know that the bulletin boards publish idle ads, inflate prices and try the "successful" method
check what the apartment is worth and if anyone is interested, and even those who are interested obviously don't buy at this price. From here are received in months
The latest idle data on price increases of tens of percent. Obviously, it's all a complete farce. Increase to make the sections
who use intermediaries to determine price increases in different areas. Obviously, the brokers have an interest here, after all, their commissions
Derived directly from the inflation of apartment prices. And so they report to the newspapers about dramatic jumps of tens of percent in prices
The apartments, which have no dawn. How do you do it? Delete transactions and display only transactions in prestigious streets or areas
in which the prices have increased, which are abnormal and do not represent the whole city and thus determine for an entire city that the prices have increased dramatically.
These are dirty tricks, but when it comes to the livelihood of brokers and the livelihood of journalists who need to sell a newspaper, it is clear
To you the cooperation between them, which creates the deliberate deception of the public together with the multitude of spins of public relations companies that work
for the contractors in the last year to make arguments that will lead to price increases. Very wisely they used the fact that people
Look for cheap apartments for investment instead of financial avenues to claim that this dramatic price increase occurred at a time when
The world prices of raw materials have dropped due to a dramatic decrease in the volume of construction and stopping of projects. Working on the public in the eyes
And Haifa is a good example of the general situation of inflated prices and deliberate deception.
Indeed, the prices are inflated, and the sellers are forced to understand that after not being able to sell the apartment for a period of several months, they have no choice but to accept the buyers' realistic offers that are much lower than the asking price!
I also sold after reducing a lot from the asking price, and when buying again I also offered a much lower price but definitely reasonable and realistic, which still left a pretty good amount in the hands of the seller!
Prices continue to drop, and there is no doubt that the sellers internalize this and act accordingly.
Shabbat Shalom
Golden
Within two years, according to selected publications in the press, another 50 to 60 units
No construction starts? I don't know, I see that they are building in Ramat Almogi, they are building in Neve Shanan and they are building in Neve Ganim. I see them posting for months and no
Calling that the apartments are being hijacked. According to the current situation of demand, although there is little construction, the inventory of apartments in Haifa is enough for 8 months. I read that Ashder was supposed to announce in November the start of marketing the three towers below the university and so far this is not happening. So there are probably enough startups relative to demand. The only neighborhoods with a high level of prices are sought-after neighborhoods where there is no more construction in Carmel, in the rest of the city the situation is different.
There is no doubt that the market is starting to relax, I hear it from many brokers, and it is also felt by the number of serious buyers.
I would not call the increase in the prices of the apartments a "bubble" there are sellers who try to "ride the wave" and extort prices
Therefore, for those who look at ads for sale, for example, second hand, it seems as if the prices do not make sense, in reality the apartments were sold
Sold at real prices. No one expected the increase that happened, and it is also clear that no one knows exactly what will happen next.
There are almost no new construction starts in the entire Haifa area, so at least for the next two or three years there is no reason for prices to drop, since there is no
Supply of apartments.
It is enough for me to see the hundreds of signs for rent and for sale in the city to understand that someone here tried to inflate a bubble.
The prices have not increased and those who bought did so at the usual prices and are also renting at exactly the same prices as a year ago
And two years and will also sell at the same prices. It's just like that - "simulated price increase". People saw what was happening
in the center of the country and tried to sell higher, but what - when there is excess supply and lack of demand, it is impossible.