Israel IVS Forum have now produced an exposure draft for a first ever Israeli commercial property index, for 2020 (in Hebrew). This is a fund level (gross asset value) test index, part of a scoping excercise. The draft was sent to select stakeholders, after which it will be reviewed by the Index Committee, which is chaired by Professor Zvi Wiener of the Hebrew University in Jerusalem. The IVS Index is also planned to be audited by an accountancy firm before being presented to the IVS Forum Professional Board, which will decide on publication.
We plan to publish a similar index for 2021 during the first half of 2022, and hopefully these will lead in future to a fully fledged asset level index, with results published quarterly. We also hope to early on demonstrate to our stakeholders some attribution analysis capabilities.