Israel may increase property taxes to cool housing demand
Israel may increase property taxes to cool housing demand With the approval of the incoming Finance Minister, the Treasury plans to raise purchase and betterment…
Israel: new apartment sales stay high in March
Israel: new apartment sales stay high in March From the month of January to the month of March, new apartment sales were 34% of all…
Israel: treasury plans tax increase on homes bought for investment
Israel: treasury plans tax increase on homes bought for investment Moshe Kahlon, the Israeli Finance Minister elect is supporting 20% purchase tax from the first shekel,…
Mortgage taking stays strong in April despite holidays
Mortgage taking stays strong in April despite holidays According to a senior banking source, playing with demand only creates a turmoil, which drives home prices up. The…
Israel: number of new mortgages increased 21% in March
Israel: number of new mortgages increased 21% in March The low interest rates have been pushing up new mortgage taking to the highest monthly amount…
Why do homes in Israel cost so much?
Why do homes in Israel cost so much? The price of homes in Israel begins with expensive land and high building costs. Some industry sources…
Bureaucracy and tax breaks responsible for 53% increase in home prices
Bureaucracy and tax breaks responsible for 53% increase in home prices Taub Center says market fails to respond adequately to increases in demand and prices.…
Israel: more shocks for shekel expected after surprise cut of interest rate
Israel: more shocks for shekel expected after surprise cut of interest rate It appears that Bank of Israel Governor Karnit Flug isn’t quite done driving…
Israel economy increase by 7.2% in Q4
Israel: the economy increased 7.2% in Q4 During Q3 of 2014, Operation Protective Edge kept the country’s annualized growth rate to a mere 0.6%. According…
Israel: price of apartment rental increased 60% in the past decade
Israel: price of apartment rental increased 60% in the past decade Starting in 2004, the average monthly price of apartment rental went from 2,295 shekels…
7% increase in household debt
7% increase in household debt Mortgages found to account for 69% of all household debt. In the year 2014 total household debt reached record high…
Lowering of mortgage refinancing fees taking effect
Lowering of mortgage refinancing fees taking effect Starting today, the fee for early loan repayment will now be calculated according to a new banking formula…
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