Our corner as a candle also measures the index in an original version for the Israel Real Estate Group: and this time the data are…
Our Corner Kahner also measures the index in an original version for Israel's real estate group:
And this time the data is screaming and amazing, stay with me till the end, cut and save ...
Four years after the Treasury embarked on a grandiose plan to lower house prices in Israel, it collapses silently and quietly, buries a grave, leaving hundreds of thousands of homes in Israel in mournful condition.
Yesterday's index of housing prices and results at least for us was published Ewave Nadlan No surprise at all, we have been warning for a long time about the Ministry of Finance's populist plans - which are also costly and will not achieve their goals - the main reason for lowering housing prices. That was the promise of fresh finance minister Kahlon when he took office in May 2015, and if we look at the results today, just over four years after embarking, the goal was not achieved, and we were left with a market of restlessness, uncertainty, but with a lot of confusion and despair Among the young couples who fostered the Minister of Finance's energetic expectations and promises.
The data in the extract:
1. House prices rose by 0.5% in April-May compared to March-April this year.
2. This is while the CPI recorded a decline of 0.6% in June.
3. House prices saw a yearly increase of 1.6%, moving into distinct territory of price increases. In fact, since the beginning of this year we have been witnessing price increases every month, the last time house prices recorded a monthly decline was at the end of 2018.
4. New apartments have seen a 0.6% increase, with "price per user" apartments accounting for 42.6% of all transactions - it can be clearly seen that the price plan for the user is no longer effective even in stabilizing new home prices.
5. Quietly and quietly, the rent index also rose by 0.1% in June - a seemingly small rate, but the real increase is much sharper - since, as mentioned in the general index, it declined by 0.6%.
And now to the conclusions:
1. The index is not the problem, the index is the result. The measure is like heat measured in the patient's body, but it is not the disease itself. The question arises as to what problem was needed to address the heat of the market? What issues or issues had to be addressed in order for housing prices to really be addressed, rather than the method of making headlines and cheap populism?
2. In our view, the answer to this question should be measured in the light of some other data that is published from time to time - notably: construction starts and the population of the State of Israel.
3. Construction starts - At the end of June, a further decline in construction starts was announced. And here's the data:
i. April 2015 - March 2016: 53,230 construction starts
ii. April 2016 - March 2017: 57,250 construction starts
iii. April 2017 - March 2018: 49,330 construction starts
iv. April 2018 - March 2019: 48,309 construction starts
4. The numbers do not lie - the Treasury's policy has reduced the activity of the real estate industry, and one of the results of this policy was a decline in construction starts. If in the first two years of Kahlon's cadence, the market continued to surpass numbers of more than 50 construction starts, and even showed an increase In numbers, then, the Berks who led Kahlon's policy two years later are reflected in the sharp decline in construction starts.
5. Demographics - On the other hand at the same time, the population of Israel has grown at a faster rate in the world. On the eve of Independence Day in 2015, Israel's population numbered 8.345 one million, while on the eve of Independence Day this year (2019), the Israeli population stood at 9.021 one million.
6. Meaning - a net increase of 676 persons in a period of just 4 years, a 8.1% increase in population, and all in a relatively short period.
7. The dissonance - while the Treasury has put Berks on the activities of the real estate industry - by investing all resources in a price plan for the buyer, by excluding real estate investors from the market, and more - the population of Israel at that time continued to grow and grow, and better yet.
8. The result - We all see the result in the latest price index - a large and stiff demand, which is met by a small supply - the result is a rise in prices - this happens in every market - this also happens in our real estate market.
9. What do I propose to the next government to set up? Simply - internalize the numbers, understand the trend and trend, and accelerate market activity, remove barriers, return investors to the market, increase housing supply, because demand is already here, and they are only growing.
10. And you readers of the trustees Assaf Kahner (I'd love to follow) What do I suggest? Have an investment apartment, the numbers before your eyes, the transparent trend for all of us, in the long run the State of Israel is unable to close the gap between demand and supply, and this is the time to create a position in the market where the goods are in short supply - the housing market in Israel.
http://www.nadlan-guide.co.il/%d7%90%d7%99%d7%a4%d7%94-%d7%9c%d7%94%d7%a9%d7%a7%d7%99%d7%a2-%d7%91%d7%a0%d7%93%d7%9c%d7%9f-%d7%91-2019/
Long and tedious post regardless of reality
We will also be happy to explain to a scholar how the unreleased stock is constantly increasing
While screaming scarcity scarcity
https://www.facebook.com/1763765593695147/posts/3009433965794964
By the month before, the CPI rose 0.7, so how much did real rent fall?
Literally distort every possible figure to confuse the mind…
Even according to the data that the author of the post writes us enough
And I'll elaborate
By the numbers recorded as a construction settlement (although 17 and 18 are not final data)
207 apartments were built
The number of persons per household in Israel is 3.31
That means enough to accommodate 685 people.
It is recorded here that the increase was 676 so that at least in this segment we are covered.
Since you don't build apartments for generations that were only born but for those who were 25-30 years ago, you can understand just how much they are building here.
And not only that, Mr. writer of the post forgets that people who die also evacuate apartments… about 10-15 thousand a year.
In other words, we have been talking about surplus of over 50 apartments in just the last 4 years, and that is in great conservatism.
Apartments are not missing
Missing fair people who tell the lie of the shortage.
For those who think that real estate is only rising and rising below is a reminder - between the years 1998 to 2008 real estate fell by 35 percent !!!!!
The main stage of the demand area, Tel Aviv District, has decreased in the past year. This is due to the war on investors and foreign residents
And in reality ..
Young people buy one apartment as before even if they do not actually live in it.
Investors flee, selling approximately 500 apartments a month, in the aggregate 18000 apartments in the last 3 years.
Contractors hardly sell without a plan for the homeowner.
Housing enhancers put the apartment on the shelf for about a year and a half until they can sell.
Prices go up? Depending on how you measure ..
Anyway, an investor? The post writer is targeting you
He wants you to buy an apartment and pay 8% purchase tax .. and rent it at 3% of its value.
Ask the Post Writer If He Knows Politicians Will Not Hire Apartment Rentals After the Election to Close the Deficit
Successfully
Awesome
Maybe enough with the pompom and the lies?! There is a huge supply..hundreds of empty apartments in Rosh Ha'Ein, Harish, Be'er Sheva, the Kiryats and more..and no one is jumping on them. Contractors compete with investors and apartment improvers who have to wait an average of 16 months to sell their apartment, and offer discounts of up to 500 thousand. Mind you, the big wave of increases is over and we are already seeing price drops in many places. Contractors offer discounts, vacations, cars and what not..and by the way, "price for the resident" was the best thing for contractors during this period. When it ends soon, prices will drop much sharper and faster. good luck to you..
Buy? Buy? Buy?
???????
As always, a thorough and accurate analysis.
Are you a King of the Sea?