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 a year of record demand and sharp price increases, home prices are expected to continue into 2022, but more moderately, as urban renewal activity rapidly expands. Hadera and Modi’in are likely to see high demand, and the volume of home purchases made by Jews in the Diaspora is predicted to grow. Read more on...

An almost double increase in the number of residential real estate transactions, and a 236% jump in the volume of purchases made by investors, was recorded during October after the government publicized its intention to increase the purchase tax for investors. On the day of the official announcement, investors purchased 1,200 apartments compared to 150...

To this day, buying an apartment in Israel is considered a basic rite of passage for most Israeli families. However, steadily rising real estate prices have made purchasing property very difficult, if not impossible, for many, rapidly changing Israel’s housing culture. Real estate developers who have caught on to the changing trend are storming the...

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...