Government proposes reduced Purchase Tax for new immigrants
According to the joint initiative of the Ministries of Finance and Absorption, immigrants who purchase a home in Israel will be exempt from Purchase Tax...
Tag: Mas Rechisha
Ministry of Finance intends to significantly increase Israel real estate tax for investors and foreign buyers
Two legislative amendments in the field of Israel real estate tax do not bode well for investors and foreign residents. Firstly, the Ministry of Finance...
Purchase Tax Update: New thresholds in January 2024
Every year, during January, the Israel Tax Authority publishes new thresholds for Mas Rechisha (Purchase Tax) according to the Central Bureau of Statistics Home Price...
The true cost of buying a home in Israel
When clients come to me with a specified budget for buying a new home in Israel, I promptly inform them that they should reduce that...
Record numbers in 2021 — 11.3% increase in prices, and a 37% increase in new home sales
Latest data on the Israeli housing market indicates that huge demand for apartments in 2021 led to the breaking of all-time records for new home...
Amendments in tax laws intended to increase housing supply in Israel; real estate taxes for foreign residents to be hiked
The Israel Tax Authority issued a memorandum last week that includes a series of amendments to the real estate tax laws, whose stated goal is...
Two months of madness: Israel real estate transactions reach record numbers in October-November
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...
Purchase Tax Update: November 2021
As a result of the ongoing housing crisis and a sharp rise in real estate prices in Israel this year, the Purchase Tax rates for...
The Government Housing Plan: Fewer investment properties, an Airbnb ban, and massive benefits for private homeowners
Last week, the government announced how it plans to deal with the housing crisis in Israel. The plan includes measures anticipated by the public, such...
Buyers can save tens of thousands of shekels in real estate tax when purchasing an apartment for the purpose of Aliyah
Israel’s real estate tax laws allow new immigrants to save a fortune when buying a home in Israel. Buyers may be considered “Israeli residents” for...