The penthouse in the building pictured here, located on B'raisheet Street in Ramat Hasharon, was sold recently for NIS 2.09 million (approximately $597,000). The building is located in an area close to the city limits between Ramat Hasharon and Herzliya, near the Tzamarot complex. The apartment has a built area of 150 sq.m. in addition to 40 sq.m. on the rooftop. According to the real estate agent Lior Shamai of R.P. Properties - Real Estate Investment House, the apartment underwent unique architectural design, which increased its value and made up for two major drawbacks - the fact that the building is 25 years old, and in particular the lack of an elevator in the building. According to Shamai, if the building did have an elevator, the price would have been higher by an additional $100,000. The Invest1 real estate agency owned by Shirli Dagan also participated in the transaction.

by Guy Lieberman. The Printed Edition - Real Estate Supplement 13.6.2008

After living in the private house pictured here for 23 years, the owners recently decided to sell their home, and after discussing the selling price decided on a price tag of NIS 2.41 million. As fate would have it, the first client who came to view the house fell in love with it and began rapid negotiations with the owners. The transaction was signed "to the satisfaction of both sides" at the price of NIS 2.28 million, according to R.P. Properties - Real Estate Investment House which carried out the transaction.
The 5-room house is located on Ussishkin Street, and situated on a 220 sq.m. plot with a built area of approx. 200 sq.m. It has several levels including a basement level, an entrance level with living room, kitchen and garden and an additional level.

by Guy Lieberman. The Printed Edition - Real Estate Supplement 7.3.2008

Ra'anana is considered one of the most desirable residential cities in Israel, with apartment prices in the city generally representing the upper end of the market price scale. In the building pictured here, which is located on Hayovel Street and was built 30 years ago, a 4-room apartment of 100 sq.m. was recently sold for NIS 1.06 million ($276,000). Although the building is old, it has an elevator, which increases the apartments' value. In comparison, for a similar price one can currently purchase a new 4-room apartment in the Em Hamoshavot neighborhouood in Petach Tikva. The apartment that was sold is located on the fifth floor of the building, is renovated and has three exposures. All of these good parameters (large internal area, elevator, high floor, many exposures, sought-after street), increase the value of the apartment - despite its age. Lior Shamai, manager of the Sharon branch of R.P. Properties - Real Estate Investment House, who carried out the transaction, explains that the price that the young couple paid is appropriate for an apartment in this condition on this street, which is considered one of the most prestigious in the city. According to Mr. Shamai, even after the transaction was completed, many offers to purchase the apartment continued to be received.

by Guy Lieberman. The Printed Edition - Real Estate Supplement 8.2.2008

In most of the locations in Israel, owners of apartments located on high floors in buildings which are not equipped with elevators, are forced to see how the rise in prices in the apartment market in the past three years does not affect them at all, or has only a slight effect. However, in Tel Aviv it seems that anything goes. The residents of the building pictured have neither elevator nor parking, but this did not prevent the owners of a third floor apartment to receive NIS 1 million for their two-room apartment, which is not renovated. The staff of R.P. Properties - Real Estate Investment House, which carried out the transaction, reports that the sale was carried out within a short period of time to the complete satisfaction of both the seller and the buyer.

by Guy Lieberman. The Printed Edition - Real Estate Supplement 18.1.2008

Pini Shafir, Ra'anana resident and owner of R.P. Properties - Real Estate Investment House "Currently I would recommend investing in the Hadar area of Hod Hasharon. This is a young and rapidly developing neighborhood, with good infrastructure such as the train, kindergartens and schools, and very accessible to major transportation arteries. I would also recommend investing in the city of Ra'anana. In recent years real estate prices in Ra'anana have leapt, in view of the large-scale aliyah from England and France. The weak dollar and the strong Euro have made it possible for immigrants to purchase apartments at higher prices, and the Israeli real estate market has taken advantage of this fact. Nevertheless, it is worthwhile investing in Ra'anana, a well-maintained, beautiful and diversified city. The city's population is composed of a mixture of secular and traditional residents, veteran Israelis, "Anglo-Saxons", and more. My feeling is that the prices here have not yet reached their peak. "

by Adi Kreisler. Pictured:Pini Shafir, Photographer:Nir Kedar

The owners of the two-family cottage pictured, which is located on Ya'akov Cohen Street, originally offered it for sale at $590,000. After negotiations, the owners agreed to sell the property for $550,000. Although the difference in price is quite large, R.P. Properties - Real Estate Investment House, which conducted the transaction, reports that both sides were very satisfied with the resulting deal. Aside from the four full bathrooms in the apartment, there is a possibility of building an additional unit on the roof. There is also a separate residential unit located in the yard of the home.

Guy Lieberman, Ha`aretz Real Estate Supplement

A Herzliya resident paid NIS 1.26 million (approximately $315,000) for the large (127 sq.m.) 4-room apartment in Ra'anana pictured here. The new Ra'anana resident will occupy this apartment, replacing the couple with two children who lived several years in the apartment and moved to a private home in the city. There is an elevator in the building and the apartment has its own adjacent parking space. Lior Shamai, manager of the Sharon branch of R.P. Properties - Real Estate Investment House, which carried out the transaction, explains that the price is average for the neighborhood and the street, in which prices rose 5% - 10% during the past year.

Guy Lieberman, Themarker Real Estate Supplement

The building pictured is located on Sheinkin Street in Tel Aviv. Although the building was built in the fifties, it recently underwent a comprehensive renovation. Several weeks ago, a foreign resident purchased a 100 sq.m. duplex in this building for his son. The son will even enjoy an elevator and a parking space, advantages that most residents of Sheinkin Street can only dream of. $418,000 in cash were paid directly to the seller. R.P. Properties - Real Estate Investment House, which carried out the transaction, reports that this amount reflects real estate prices in the area.

Guy Lieberman, Ha’aretz Real Estate Supplement

The duplex located in the building pictured above is situated on Akiva Street in Ra'anana. It was recently sold for $450,000 to a family who returned from a mission abroad. The 7-room duplex was built 10 years ago and covers a total area of 170 sq.m.
The duplex has two entrances, one on each floor, as well as 2 balconies with a total area of 27 sq.m. In addition the new owners possess two parking spaces and a storeroom. According to Lior Shamai of R.P. Properties - Real Estate Investment House, who carried out the transaction, the cost of the home reflects home prices in the area.

Guy Lieberman, Ha’aretz Real Estate Supplement, 19/9/2007

The mega-prestigious real estate festival in Herzliya Pituach continues. A 10 dunam plot of land, first line on the sea, is being offered for sale for no less than $20 million. This price reflects an increase of tens of percentages in the prices of seafront plots.

In the last three years, Herzliya Pituach has become the latest word in Israeli real estate. Two years ago, the couple Vivian and Zaki Rakib stunned everyone when they purchased a villa on Galei Techelet Street for $22 million from the multi millionaire Martin Schlaff. Last year, another villa was purchased on the same street for $16 million, and a few months later, Howard Allen, a British businessman, purchased two adjacent plots on Hanassi and Shlomo Hamelech Streets for $21 million - thus setting a record which has yet to be broken.

Pini Shafir of R.P. Properties real estate agency, which is marketing the plot, says that according to city planning, the plot is designated for construction of one villa. “However, within the framework of the negotiations being carried out for the sale of the plot, the possibility of upgrading the plot and granting it a specific permit for the construction of more than one ground-level home is being considered,” he explains.

The rise in prices in the vicinity has been very rapid. Plots on the western side of the most prestigious street in Israel, Galei Tchelet, can fetch prices of $ 9 – 10 million. Prices of plots in the western part of the neighborhood can reach $2.5 million or even more.

“The prices keep on climbing. Not long ago, plots of this type went for $1.5 million per dunam. Today, the transactions reflect prices of $2 – 3 million. Within two years prices have jumped by 100%”, Shafir notes.

Another recent hot item in the real estate market was the sale of the Alexander Hotel in Tel Aviv to a group of foreign investors, for $15 million. The hotel will probably continue to serve as an apartment hotel in the near future, and will not be converted into a residential project. The hotel, located on 1 Habakuk Street, was owned by Levi Kushnir (50%), Adv. Moshe Shuv (25%) and his brother Haim Shuv (25%). The hotel was up for sale for more than a year. The owners have refused to comment on reports by sources in the field of real estate report that apparently differences of opinion which erupted between the owners held up the sale of the hotel.

Arik Mirovsky, Ha’aretz Real Estate Section, July 25, 2007

The client who came to view the 5 room apartment on Ravutzky Street in Ra’anana could not believe his eyes: no less than 300 electrical outlets had been installed in the apartment. The other technical specifications were just as rich: granite porcelain flooring, a luxurious kitchen, architectural design, electrical appliances which had been left in the apartment, prestigious doors, two parking spaces, and more. The 136 sq.m. apartment with a 10 sq.m. balcony is in a two-year old building which was built by foreign entrepreneurs. The price agreed upon by the two sides of the transaction was $420,000. By the way, neither side minded the fluctuations in the exchange rate of the dollar, since they are both foreign residents. The purchaser (a new immigrant from the FSU) paid for the apartment on the very same day to the seller (a resident of Belgium), and the transaction was concluded rapidly. Pini Shafir of R.P. Properties, Sharon Branch which carried out the transaction, believes that the price p aid for the apartment is reasonable for the current market.

Arik Mirovsky, Ha’aretz Real Estate Section, June 8, 2006

A 3-room, 80 sq.m. Apartment located in the rear of an approximately 50-year-old building has been sold.  The building is located on Lachish Street, perpendicular to Frishman Street. The sellers are foreign residents and the buyers are Israeli investors. 
Pini Shafir of R.P. Properties, who conducted the transaction, says that the apartment was purchased for $169,000, even through prices of apartments in the vicinity are estimated at $200,000.  “This is an excellent location in Tel Aviv and the reason for the low price is the renovation that the apartment requires”, he explains.

Arik Mirovsky, Ha’aretz Real Estate Section, Thursday, September 07, 2006

Sometimes it is worthwhile to purchase an apartment that needs renovations. A 100 sq.m. apartment on Anzo Sireni Street in Givatayim on the 2.5 floor without an elevator and with shared parking was offered for sale.

The apartment required “heavy” renovations that were estimated at $40,000. Most of the potential buyers were deterred by the floor on which the apartment is located and the $249,000 price tag. A young couple finally came along who agreed to pay $235,000 for the apartment, and it was sold.

Pini Shafir of R.P. Properties, the agency that carried out the transaction, explains that the price of a comparable renovated apartment is about $300,000 and therefore this was a favorable transaction for the buyers.

Arik Mirovsky, Ha’aretz Real Estate Section, Friday, February 9, 2007

A large, 4-room 130 sq.m. apartment was offered for sale in the 2003 Complex in Ra’anana. The apartment has a 12 sq.m. balcony, 2 parking spaces and a storeroom and is located in a 6-year old building. The sellers needed to find a larger apartment, due to the expansion of their family, and were asking $330,000, a price which according to Rami Ewanir of R.P. Properties is considered reasonable. A client from Jerusalem came to view the apartment and fell in love with it. She then entered negotiations which were carried out quickly and calmly, in comparison with cases in which there are significant discrepancies in price. The price of the apartment was finally set at $320,000, on the condition that the sellers vacate the apartment within a month.

The Colony-Mandarin apartment complex in the far north of Tel Aviv, also known as the former Colony Hotel, houses one- and two-room apartments that are mainly used by singles and for investment purposes. A one-room 25 sq.m. apartment was offered by its owners for sale for $90,000, and was sold 60 days later to investors for $82,000.

The apartment’s advantage is its northwestern exposure with a view of the sea. The drawback of the complex: The widespread nocturnal activity which takes place underneath it. The transaction was conducted through R.P. Properties
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Arik Mirovsky, Ha’aretz, 15/8/2005.