April saw tourists return to Israel en mass bringing their numbers close to pre-Covid levels as the country celebrated the Passover holiday. By the end of the month the number of Ukrainian refugees to arrive in Israel since the Russian invasion of Ukraine hit 24,000 — approximately a third of whom are Jewish. Meanwhile, the...

As Russia’s invasion of Ukraine intensifies, gas prices reach all-time record highs, and inflation increases the already exorbitantly high cost of living in Israel, home sales continue at a rapid rate and prices rise as local buyers and foreign investors fear being closed out of the market. The following is a selection of real estate...

Ask any real estate agent in Israel about the current housing market and you’ll hear that there are plenty of interested buyers, but few serious vendors and properties to sell. Developers, on the other hand, tell us that demand for new construction remains higher than ever and sales continue at an unprecedented rate. Despite this,...

January saw a steady stream of real estate transactions as Covid raged throughout Israel (yes, the Buyitinisrael staff had it too!), record rain, snow, and low temperatures were recorded, and earthquakes off Cyprus were felt in Israel. The borders have reopened and foreign buyers are back, buying up homes at a rate that hasn’t been...

While November saw record home sales as investors and foreign buyers eagerly closed deals before Mas Rechisha was raised for their transactions, December was a busy month too, although considerably less than the previous month. Before the minimum Purchase Tax (Mas Rechisha) applied to a second residential apartment was raised from 5% to 8% at...

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...

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...

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...

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...

As the Delta variant rages across the world, the Government has scrambled to slow down the spread of the virus in Israel using various means: Visitors from numerous countries have been banned; passengers from many places have been forced to quarantine upon arrival, even when fully vaccinated; and an aggressive campaign to give all 60-year...