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Israel: Q1 of 2015 sees 36% increase in new home sales

Israel: Q1 of 2015 sees 36% increase in new home sales New home sales increase occurs as finance minister Kahlon readies new initiatives to contain rising prices. As of yesterday, the sale of new homes has increased 36.1% in the first four months of 20015 compared to the same period last year. The increase was […]

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 taxes as well as levies on rental income. According to Israeli media outlets, Israel’s Finance Ministry is exploring a plan to hike taxes on home purchases, both for property speculators […]

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 new housing unit sales during the year 2014. According to figures published by the Central Bureau of Statistics this week, the number of new housing units sold during the month […]

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, for homes bought for investment. The Ministry of Finance is recommending to Minister of Finance-designate Moshe Kahlon a 20% tax on purchases of housing for investment purposes. Kahlon has already declared his […]

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 solution is supply. April was a strong month for new mortgage taking. In a climate of record-low interest rates, sources banking estimate that between NIS 4.2 and 4.4 billion NIS in new […]

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 for more than a year. According to data published today by the Bank of Israel, 0% interest in the Israeli economy has greatly impacted the mortgage market. New Mortgage taking has […]

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 are saying the solution is bringing in additional foreign workers and introducing modern technology. According to an analysis by the Association of Contractors and Builders in Israel, the biggest part […]

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. According to a Taub Center for Social Policy Studies report released earlier this week, the price of Israeli home prices increased 53 percent after inflation between 2007 and 2013. This […]

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 to a recent report by the Central Bureau of Statistics, in seasonally adjusted fixed prices the Israel economy grew by an annualized 2.6% in the second half of 2014, following […]