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shopping centers and shops, is usually characterized by a higher investment in real

estate and higher rent per square meter than the range in office real estate, and office

real estate generally is in turn characterized by higher investment and higher rent per

square meter than the range of logistics centers and industrial real estate.

Accordingly, the rent for all these real estate types, for the past 3 years, increased by

5% to 15%, depending on the type of property, its level of completion and its location

in Israel.

In conclusion, the real estate market in Israel is a developed market, which presents

many opportunities for investors abroad. Local knowledge and expertise is obviously

critical, in addition to knowing the planning and zoning laws, as well as the vast array

of characters and companies involved. The growth of this market, both in terms of

additional demand for investment and in terms of price increases, means that, if

executed properly, the opportunities for a large profit margin are very high.

The real estate market in Israel is a developed market, which presents many

opportunities for investors abroad. Local knowledge and expertise is obviously

critical, in addition to knowing the planning and zoning laws, as well as the vast

array of characters and companies involved.