Housing Ministry to market 2,000 Tiberias homes
Posted on 25. Feb, 2010 by buyitinisrael.
The Ministry of Housing and Construction and the Israel Land Administration (ILA) will shortly market more than 2,000 homes in Tiberias, after selling very few lots zoned for high-density housing in the past ten years.
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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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It’s a Material World: Different types of materials used for cabinetry in Israel
Posted on 21. Feb, 2010 by buyitinisrael.
After buying a new home in Israel, you will likely need to buy or have a carpenter build the kitchen, bedroom and bathroom cabinets and possibly desks and bookcases as well. In the process you may face great confusion as you begin to hear a wide range of terms such as sandvich, sibbit, etz maley, melamine, dikt, masonite, shleiflak, and mdf, to name a few.
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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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Tighter bank regulations hit home buyer groups
Posted on 17. Feb, 2010 by buyitinisrael.
The Bank of Israel has ordered banks to tighten credit to buyers groups because of the inherent risk in their business.
Supervisor of Banks Rony Hizkiyahu has ruled that bank credit to buyers groups will not be considered as housing credit to a single borrower like an ordinary mortgage loan, but as ordinary commercial credit given to a contractor. Only when a project is completed and the apartment keys are handed over to the buyer will the loan be reclassified as a housing loan.
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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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The importance of hiring an engineer to inspect your new home in Israel
Posted on 15. Feb, 2010 by buyitinisrael.
Purchasing real estate in Israel can be a wonderful event and a fulfilling experience, but can also cause tremendous aggravation if there are problems or defects in the property. Having a survey of a new home will prevent serious regrets later on. A professional inspection can identify problems in advance, and thus fixing the defects and solving the problems found early on, can save a lot of expense and aggravation.
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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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Supreme Court clears way for construction of 2,105 apartments in Beit Shemesh
Posted on 10. Feb, 2010 by buyitinisrael.
Following a freeze of nearly five months, the Israeli Supreme Court last week cleared the way for the publication of six land tenders in the city of Beit Shemesh tailored for the expansion of real estate in Ramat Beit Shemesh with the construction of 2,105 new apartments. After the Israeli Land Administration published the tender for land zoned in Ramat Beit Shemesh Gimmel back in September 2009, nine Beit Shemesh city council members petitioned the tenders on the grounds that they were allegedly slated for new construction only for haredim.
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Kivunei Avir: Which Way is the Wind Blowing?
Posted on 08. Feb, 2010 by buyitinisrael.
When buying a home in Israel, one of the first items to consider is the direction of exposures (kivunei avir). As with most issues in Israel, everyone has a strong opinion about which exposures are preferable. But before we talk about opinions, let’s look at some facts: The sun rises in the east and sets in the west. Presuming there is nothing blocking your window, you will get morning sun in the east and afternoon sun in the west….
