After an announcement, made at the beginning of the month, that the Purchase Tax on a second residential apartment would increase to 8%, investors and foreign buyers rushed to close deals before the law came into effect on November 28. According to the proposal made by Finance Minister Avigdor Lieberman, Interior Minister Ayelet Shaked, and...

A new Modi’in neighborhood is currently being built adjacent to a historic site where the remains of an ancient Hasmonean village were discovered. Called Moreshet (or “Legacy” in English), the new neighborhood includes plans for 4,300 new apartments alongside tens of thousands of square meters of business and commercial centers, restaurants, and cafes. The steep...

Despite the value of the shekel reaching historic highs ​​against the US dollar, pound, and euro in the past week, real estate professionals report that there has not yet been a decline in demand for apartments from foreign buyers. There are many reasons for this phenomenon, including a jump in the number of people moving...

October was a busy month in the real estate business — with the holidays behind us, the winter on its way, and little sign of Corona. As home prices continue to rise and purchase tax was expected to be increased for investors, buyers scrambled to close deals. The following is a selection of real estate...

Data recently published by the Ministry of Finance indicates that despite a very high price level, Tel Aviv is the capital city in Israel for investment buyers. Next up are Haifa and Jerusalem, followed by Bat Yam in fourth place – to everyone’s surprise. Ashkelon, Eilat, and Harish also ranked high on the list. This...

According to data recently published by the Central Bureau of Statistics (CBS), Israel housing prices rose by 6% in just six months. The areas that experienced the sharpest jump are Jerusalem (10.7% per year) and the cities of central Israel (10.5%). Market sources estimate that this trend may lead to a long-term shift in the...

The month of September came and went like flash lightning. After an unusual summer with little international travel, few incoming tourists, and many parents homebound with quarantined children, most kids went back to school only for a few days before the high holidays arrived, almost unexpectedly. There was little energy to view properties and little...

The state issued the first land tender for the new neighborhood which will be built on the grounds of the former Sde Dov Airport near the beach in North Tel Aviv. Developers paid a record NIS 4.4 billion – close to around NIS 3 million just for the land on which each apartment will be...

Last month was not the typical August in Israel: Tourist levels were at an all-time low, infection levels hit record highs, Israeli travellers spent days on end in quarantine upon return from abroad, and families with young children were forced to test regularly and limit their activities. As we enter the Holiday season, we mourn...

In a record high, about 20% of the 31,000 apartments purchased in Israel in the first quarter of 2021 were purchased by investors. An analysis by the Ministry of Finance indicates that almost 40% of real estate investors are public employees, 17% work in the finance industry, and only 11% in hi-tech. While there was...