Category: Market News

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Housing Policy

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 is currently occupied by defense and military industry bases in the center of the country. The training, intelligence and communications bases will be vacated and relocated to the South of Israel. The huge compounds are located in the heart of the high-demand areas in Israel, where land is most expensive and property values highest. The compounds will be evacuated by 2022.

Property Taxes Israel
Law & Taxation

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 are between 50 and 85 NIS 85 per square meter for apartments in Tel Aviv up to 140 square meters (depending on the area in ​​the city). On average, this...

New homes in Israel
Market News

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 sold, of which approximately 68% were for purchased by buyers for residential purposes and the remaining 32% were bought for other purposes including investment, purchasing groups, rental programs, etc.  Thus indicates preliminary...

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