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…
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…
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…
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…
Israel: home purchases by foreign residents in Israel hit 11 year low.
Israel: home purchases by foreign residents in Israel hit 11 year low. It seems diaspora Jews are more concerned with the security situation in Israel…
New mortgage taking increased during month of February
New mortgage taking increased during month of February The number of new mortgages totaled 4.6 billion shekels last month, which amounts to a 5.1% increase…
Housing crisis in Israel: country experiencing large price increases
Housing crisis in Israel: country experiencing large price increases In tel aviv the price of apartments doubled in five years, and in Haifa the price…
Forex Capital Markets Israel: shekel/euro rate sinks further
Forex Capital Markets Israel: shekel/euro rate sinks further According to Forex Capital Markets Israel (FXCM), investors are looking for assets with a higher yield, which…