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Israeli government will compensate for construction freeze losses in Judea and Samaria
Posted on 10. Mar, 2010 by Buy-It In Israel Staff.
The government of Israel is planning to compensate builders, residents and homeowners who have been financially affected by the real estate construction freeze in Judea and Samaria. On November 25th, Israel issued a decision on a freeze of construction permits in Judea and Samaria for a period of 10 months. Apart from the political ramifications, [...]
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The need for household water filter systems due to the hardness of water in Israel
Posted on 05. Mar, 2010 by Buy-It In Israel Staff.
The hardness of the water supplied in many locations in Israel is undesirable both in home usage and in industrial water usage. Water in Israel has been classified as hard to very hard water. Water classified as “hard” water contains large quantities of the minerals calcium and magnesium. Thus when building or moving into a new home it might be advisable to find water filter or water softener solutions, which prevents scaling damage without reducing the quality of drinking water…..
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Market Update: Demand, sales of new apartments in Israel rises in January
Posted on 26. Feb, 2010 by Buy-It In Israel Staff.
Demand for new homes in Israel January this year rose by 15 percent, while sales of new apartments increased by 9 percent, according to figures published by Israel’s Central Bureau of Statistics. In January the demand for apartments stood at 2,770 housing units out of which 1,390 new apartments were sold to the general public and 1,380 apartments were in construction not for purposes of sales including projects of buyers groups and rental housing. The demand for new apartments figure is calculated by adding the number of new apartments sold and the number of new building starts.
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Israel introduces new bank loan regulations for purchasing groups.
Posted on 26. Feb, 2010 by Buy-It In Israel Staff.
New regulations for the provision of loans to purchasing groups buying land for the construction of new homes in Israel are expected to weigh on the buyers groups’ ability to get cheap lending. Israel’s Banking Supervisor has sent a letter to the country’s banks ordering them to tighten credit to purchasing groups in a way, which reflects the true risk inherent in their business.
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New neighborhood to be built in Pardesiya, near Netanya
Posted on 24. Feb, 2010 by Buy-It In Israel Staff.
The local council of Pardesiya together with the Israel Land Administration is advancing a project to build a new residential neighborhood in the Sharon region for the construction of 930 housing units. The new neighborhood will be established north of Pardesiya located 5 kilometres east of Netanya.
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Mishkan Home Buyers Index drops 1.6% in January as prices continue to rise
Posted on 19. Feb, 2010 by Buy-It In Israel Staff.
Financial conditions for home buyers worsened in January as house prices are continuing to rise and mortgages are becoming more expensive, according to Bank Hapoalim’s Mishkan Home Buyers Index. The Mishkan Home Buyers Index, which monitors the financial conditions affecting home buyers in Israel, dropped by 2.2 points falling to 138.1 points in January, representing a decline of 1.6 percent.
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Israeli government allocates NIS 230 million this year to assist immigrant homebuyers and other special groups
Posted on 18. Feb, 2010 by Buy-It In Israel Staff.
The Israeli Housing and Construction Ministry together with the Finance Ministry this week extended the government’s housing assistance and benefit package for 2010 allocated to special groups of the population including new immigrants, residents living along the confrontation lines and other minority groups. The government said it will allocate a budget of NIS 230 million in 2010 for the provision of grants and benefits in housing.
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Retirement housing options in Israel
Posted on 16. Feb, 2010 by Buy-It In Israel Staff.
Retirement to Israel has in recent years become a viable and popular option as the market for building independent senior housing units in retirement villages is gaining wider potential in Israel and the demand for quality senior living and a better life for those in their golden years grows.
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Paying municipal taxes on your home in Israel
Posted on 11. Feb, 2010 by Buy-It In Israel Staff.
When living in a home in Israel or owning real estate in Israel, anywhere around the country, municipal taxes must be paid on the property. The so-called ‘Arnona’ municipal tax is collected on the basis of the size of dwellings, whether residential or commercial levied by the local authority. However the tax is not uniform but differs from city to city and even within the same city, property owners or tenants could get charged differential rates depending on the neighborhood and type of property and apartment size.
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Is this the end of an era of cheap mortgages in Israel?
Posted on 02. Feb, 2010 by Buy-It In Israel Staff.
Interest on mortgages in Israel is set to become more expensive despite the Bank of Israel’s decision to leave interest rates for February unchanged and signs of a moderation in the country’s consumer price index (Madad). Over the last couple of months, the prime rate rose by 0.75%, as the Bank of Israel started to raise interest rates after keeping them at a record low of 0.5%, while at the same time, the consumer price index surged.
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Ra’anana advances affordable housing projects for young couples
Posted on 28. Jan, 2010 by Buy-It In Israel Staff.
Ra’anana Mayor Nahum Hofree is advancing plans to promote municipal construction projecs for affordable housing tailored to the needs of young couples in the city. Property prices in Ra’anana have skyrocketed in recent years as a result of high demand by an affluent population often consisting of foreign resident buyers and high-tech people against an ever shrinking supply of available housing. This situation has made it almost impossible for young couples wanting to buy their first apartment in order to stay in or move to Ra’anana.
