Israel Real Estate
New thresholds for calculating purchase tax
Posted on 22. Feb, 2011 by buyitinisrael.
Mas Rechisha (purchase tax) thresholds for buying real estate in Israel have been raised by Israel’s Tax Authority. As of January 16, 2011 new tax brackets will offer some savings for Israel homebuyers.
Continue Reading
Tax changes for the Israeli real estate market in 2011
Posted on 11. Jan, 2011 by Buy-It In Israel Staff.
Israel is in the process of enacting a number of tax changes for 2011 in an effort to cool down spiraling Israel real estate prices and boost the supply of housing in the country. Some of the tax changes, which have come into effect from January 1 this year, will make it more expensive for investors to buy property in Israel, and others are intended to accelerate the sale of apartments and encourage new construction. Most of the tax changes are still in the process of a legislative procedure but are expected to be applied retroactively from January 1, 2011.
Continue Reading
Jerusalem municipality approves affordable housing plan
Posted on 12. Dec, 2010 by buyitinisrael.
The city of Jerusalem has given initial approval for the construction of a private residential Israel real estate project in the Gilo neighborhood, which will include affordable apartment units sold at a discounted price to young couples. The local planning and building committee of the Jerusalem municipality approved the construction of a residential building project for 130 apartment units out of which 26 units will be allocated for sale to young couples at a discount of 20 percent of the value of the apartment.
Continue Reading
Government steps in to lower property prices
Posted on 20. Nov, 2010 by Buy-It In Israel Staff.
The government has finally realized its promise to intervene in the overheated Israel real estate market in an effort to boost supply of housing in particular for young couples and families and to bring down inflated property prices.
Continue Reading
Bank of Israel raises cost of large mortgages
Posted on 31. Oct, 2010 by Buy-It In Israel Staff.
The Bank of Israel this week announced new measures to tighten the conditions of mortgages granted at floating interest rates, which will make large loans of more than NIS 800,00 more expensive. The new directives for the banks were formulated to moderate the persistent increase in property prices over the past few years and the growth in housing credit that exceed increases in average household income. Since August last year to this August house prices have risen by an average of 19 percent and interest rates have been at a record low.
Continue Reading
Jerusalem real estate market is still holding up
Posted on 26. Oct, 2010 by Buy-It In Israel Staff.
The property market in Jerusalem is still booming representing much of a seller’s market in which sellers are still able to dictate the prices they want as supply of housing is low. “Yes, the housing market most certainly is booming. I would differentiate between areas, though,” says Sima Menora, real estate agent at Habitat Real Estate in Jerusalem. “Whereas Rechavia, Talbieh and the German Colony have historically been among the most popular areas in Jerusalem, other areas such as Baka and Old Katamon are quickly catching up, with other neighborhoods close behind.”
Continue Reading
More haredi projects next to Ramat Beit Shemesh Gimmel
Posted on 12. Oct, 2010 by Buy-It In Israel Staff.
The regional committee for planning and construction for Jerusalem has this week given the initial approval to a major plan for the establishment of two new neighborhoods next to Ramat Beit Shemesh Gimmel tailored for the Haredi public.
Continue Reading
Israel’s real estate market falls one spot in global ranking
Posted on 20. Sep, 2010 by Buy-It In Israel Staff.
Israel’s real estate market recorded the sixth highest rise in residential property prices in the world in the second quarter of the year falling from fifth place in the first three months of the year as prices slowed down moderately, according to the Global Property Guide’s latest survey of house prices.
Continue Reading
28% of homebuyers unveil defects in purchased homes
Posted on 12. Sep, 2010 by DebbieG.
Only a third of home-buyers of second-hand homes in Israel are having professional checks done before purchasing a home, according to a survey conducted by Nest Value. The survey revealed that 28 percent of buyers of second-hand homes in Israel when moving into the home discovered problems and defects in the home that they did not know and were found only after signing a purchase agreement. About 90 percent of the unveiled problems are related to construction and building defects in need of repairing and 10 percent are related to problems of environment.
Continue Reading
Popular areas, cities for new home purchases
Posted on 29. Aug, 2010 by Buy-It In Israel Staff.
Cities and areas in outlying areas are continuing to attract the interest of homebuyers as prices in traditional high demand areas such as Jerusalem and Tel Aviv have been high up in the sky and the supply of new homes has been narrowing.
Continue Reading
Property prices to continue to rise
Posted on 15. Aug, 2010 by Buy-It In Israel Staff.
Despite increased efforts by the government to stem the sharp surge in Israel real estate prices they have continued to rise over the past year. The trend is expected to continue over the next year in light of the short supply of new apartments for sale.
Continue Reading
