News

Along with the physical and psychological wounds, hundreds of assets were damaged during Operation Shield and Arrow. The Tax Authority is responsible for compensating property owners for damage to homes due to wartime actions. How does the mechanism work? And who is responsible for compensating property owners for the contents of the apartment? Read on...

In Israeli real estate jargon, existing homeowners who sell and purchase a new apartment are referred to as “housing improvers.” However, data recently published by the Ministry of Finance revealed a trend that began when the Bank of Israel started raising interest rates, where an increasing portion of those improvers are actually buying cheaper homes....

A slowdown in the housing market continued through the month of April. During the month, data released regarding the volume of apartment purchases made in February showed a 20-year historic low in the number of transactions, alongside the publication of the first negative house price index in three years, presenting a minor decrease of 0.2%...

From the global crisis in high-tech to rising interest rates and the judicial reform – a series of blows on the Israeli economy has led to a historic low in demand for apartments. All this is precisely when the market is flooded with supply. The industry already understands that home prices in 2023 will fall,...

Eight years after the start of subsidized home purchase programs, the government is expected to reduce the scope of the discount by hundreds of thousands of shekels. Meanwhile, the Knesset and the OECD published critical opinions on the “Target Price” program, accusing it of exacerbating the housing crisis and widening gaps. The government’s subsidized housing...

A drop in the number of home purchase transactions is leaving thousands of households in the rental market, precisely at a time when real estate investors who rent out their apartments are avoiding the market. The result is a sharp increase in rental prices, especially where there is a turnover of tenants. Meanwhile, the long-term...

Prices, bureaucracy, interest rates, and judiciary reform are just some of the issues impacting real estate in Israel. In honor of Passover, Buyitinisrael brings you: The Ten Plagues of the Housing Market in Israel. Next year in your home in Israel! Anyone who has ever attempted to purchase an apartment in Israel knows that this...

Construction of 67,000 new apartments began in 2022 – an unprecedented figure in the Israeli market. Jerusalem saw a huge increase in the volume of new construction, with 4,500 starts, second only to Tel Aviv, by a small margin. Bat Yam and Beit Shemesh are among the cities with the most new construction in Israel....

A distortion in the current property tax system creates a negative incentive for municipalities to build apartments and is considered one of the main obstacles to resolving the housing crisis. A reform in the municipal tax structure seeks to encourage residential development and share commercial property tax revenues between municipalities. The planning and building committee...

As societal tensions grow over the judicial reform bill, the impact has not sidestepped the Israeli real estate market, with a drop in home purchases, investment outside of Israel, the sale of investment apartments, and a reduction in new development. While the market was slowing down even prior to the legislation process, fear and uncertainty...