Paz Economics and Engineering

The real estate sector is at the center of the public agenda in Israel - within government, local authorities, the media, and society - and is one of the most influential forces shaping the country’s economy and society.

At Paz Economics and Engineering, we believe in deep, long-term relationships built on trust. Our partnerships are grounded in a precise understanding of our clients’ needs and objectives, combined with commitment, expertise, and forward-looking thinking. Through a unique combination of uncompromising professionalism and human sensitivity, we do not only provide solutions-we create a framework of certainty and opportunity. Our comprehensive platform enables clients to focus on what matters most, knowing they are supported at every stage by a strong professional backbone. We are proud to be home to leading professionals in the field, committed to the highest standards and dedicated to advancing the industry through expertise, responsibility, and innovation. We aim to challenge the real estate sector, remove barriers, and apply advanced technologies to build a better future. Thirty years of experience and proven achievements have taught us that success is not only a result - it is a process.

About the Company

Paz Economics and Engineering was established 30 years ago with the goal of being at the center of Israel’s real estate sector. For the past decade, the company has consistently ranked first in real estate consulting and project management in the Dun’s 100 ranking. We believe the role of the consultant is not only to provide answers, but to help clients ask the right questions. The real estate market is not merely a fixed reality - it is a space that can and should be influenced and improved. Over the years, the company has been involved in many significant processes in the Israeli economy, building extensive experience and a strong reputation as a leading advisor to hundreds of developers, government ministries, local authorities, and public and private companies. Paz Economics and Engineering offers a full range of services including real estate appraisal, financial supervision, economic consulting, planning, and engineering consulting. The company accompanies clients from concept to execution - whether in private real estate projects or public housing policy initiatives. Private-sector clients benefit from our macroeconomic perspective and understanding of public-sector processes. Public-sector clients benefit from our involvement in nationwide construction projects and deep familiarity with the real estate market and its stakeholders.

Daniela Paz-Erez, Founder and Owner, is a certified economist and real estate appraiser. Since 1992, she has accumulated deep expertise that has positioned her as a leading authority, with opinions regularly sought by senior figures in both the public and private sectors.

Areas of Practice

Real Estate Appraisal
The company’s valuations and appraisal reports are used for financing and accounting purposes and support investment decisions and tender submissions. Services include secured lending valuations (Standard 19), urban renewal valuations (Standard 21), IFRS reporting, land consolidation and partition, and betterment levy appeals.
Reports are widely accepted by banks, financing institutions, rating agencies, the Israel Securities Authority, accounting firms, and public and private companies. The department also advises government ministries and serves as a consultant to the Government Appraiser.

Economic and Financial Consulting
Every real estate project is based on considerations of cost, feasibility, and profitability, influenced by demand, competition, project mix, and pricing strategy. Paz Economics and Engineering supports clients from early planning through execution and marketing. The firm provides economic consulting for large-scale infrastructure projects at national and municipal levels, delivering precise, practical, and up-to-date analysis.

Financial and Engineering Supervision
Paz Economics and Engineering is the largest company in Israel specializing in financial supervision of development projects. The firm monitors projects on behalf of banks and non-bank financial institutions and works with most construction companies in Israel. Its supervision services are trusted by both developers and financing entities. The department’s professionals-economists exposed to hundreds of construction projects-contribute significant field-based insight that enhances the firm’s consulting, research, and appraisal work.

Technical Advisory to Lenders (LTA) – PPP (PFI/BOT Projects)
Paz Economics and Engineering serves as a technical advisor to the banking system on major BOT and PPP projects in Israel. This includes technical reviews of tenders for financing entities and concessionaires, due diligence during financial close, and ongoing monitoring during construction and operational phases as technical controllers on behalf of lenders.

Engineering Consulting
The company provides engineering advisory services to local authorities, government ministries, and private developers, acting as Owner’s Engineer (OE) on a wide range of projects, including educational institutions and municipal development units. The firm also supports policy research in construction and prepares engineering opinions and advisory reports.

Energy Consulting
Through Bar Dov Engineering and Management, part of the group, the company provides consulting and project management services across energy production, supply, and consumption, including renewable energy, natural gas generation, cogeneration, electric transportation, and electricity infrastructure.

Urban Renewal
The company develops policy tools and provides advisory services to governmental and municipal bodies, participates in professional and academic forums, and advises developers from feasibility stages through planning and financial execution.

Urban Planning
Paz Economics and Engineering supports decision-making for policymakers, public bodies, developers, and contractors, managing statutory planning processes at national and municipal levels, as well as land value enhancement processes for private clients.
Its expertise enables informed decisions with financial, planning, and commercial implications across all stages of development.

Urban Economics
The company integrates economic and planning capabilities in advising on municipal balancing, employment zones, housing policy (including rental housing), sustainability economics, and urban development strategy.
A key strength is the integration between long-term macroeconomic forecasting and short- to medium-term real estate feasibility analysis, providing decision-makers with a comprehensive planning toolkit.

Client Methodology

Paz’s methodology focuses on generating relevant, actionable insights. It is based on defining needs, analyzing data, and presenting clear, usable outputs for decision-making.
The process is strengthened by field experience through active involvement in hundreds of projects nationwide via financial supervision and engineering teams.
Work begins with a structured needs assessment, followed by formation of a multidisciplinary team tailored to the project. Data is then collected, analyzed, and synthesized using internal databases and external sources to build a clear decision framework.
In collaboration with the client, a strategic plan is defined, with full 360-degree support throughout all stages of the project until completion.

Technology

Paz Economics and Engineering uses advanced technological tools to enhance decision-making, shorten analysis time, and support data-driven planning.
Its proprietary Urban Dashboard platform enables rapid analysis of complex real estate projects, comparison of planning alternatives, and visualization of economic implications, improving efficiency and reducing uncertainty.