The way to revive the housing market will be by reducing prices
Home buyers have stopped visiting sales offices and construction companies are dealing with debt. Yet, despite the turmoil that the housing market is going through...
Category: Market News
Coronavirus hits rentals in Israel
More than 10% of residential tenants in Israel fail to pay their rent; price of rentals in Israel is falling. The residential rental market in...
100,000 apartments to be built in high-demand areas in the center of Israel on military bases
In what the Government has called “strategic inventory management of the housing crisis”, more than one thousand housing units will be constructed on land that...
Increase in property taxes on unoccupied apartments in Israel
The Municipality of Tel Aviv announced that it is increasing the property taxes (“arnona“) of approximately 1,400 “ghost apartments” to 220.78 NIS per square meter. Property taxes...
Demand for new homes in Israel remains high
Sales of new homes in Israel increased by 17.3% in January 2016 compared to December 2015. In January 2016, 4360 new homes in Israel were...