Tax authority: in case of a single dwelling purchase tax is free for an apartment of NIS 1,744,505

The tax authority is reporting an increase in the level of the purchase tax, according to the rate of increase in the index. In this case, in the case of a single dwelling, the minimum purchase tax threshold increased from NIS 1,696,750 to NIS 1,744,505, while in the case of another dwelling, if in 2019 an 8% tax on the value of up to NIS 5,194,225 was paid from the price of the apartment, then Tax is payable at this rate on the par value up to NIS 5,340,425.
In light of the changes, unit-dwellers from January 16 this year will be charged with purchase tax according to the following steps: On the par value up to NIS 1,744,505 - no tax will be paid; On the par value between NIS 1,744,505 and NIS 2,069,205, the buyer will be taxed at 3.5%;
On the par value between NIS 2,069,205 and NIS 5,338,290, the buyer will be taxed at 5%; If the par value exceeds NIS 5,338,290 and up to NIS 17,794,305, the buyer will be taxed at 8%; Whereas for the portion of the value in excess of NIS 17,794,305, the buyer will be taxed at a high rate - 10%.
If he purchases another apartment from the 16th, as aforesaid, he will pay an 8% tax on the portion up to NIS 5,340,425, and on the portion above that amount the buyer will pay 10% tax. For example, buying a single apartment for NIS 2.2 million would be taxed at NIS 17,905; Buying another apartment at a cost of NIS 6 million will pay NIS 493,192 in taxes.
There are a number of calculators throughout the network through which you can calculate the purchase tax, but it must be verified that these are reliable sites and that the calculators are updated according to the new steps.

he price of a room in Tel Aviv is the highest in Israel and reaches NIS 969,000, and is three times higher than the price of a room in Beersheba, which costs an average of NIS 298,000; The monthly rent per room in Tel Aviv reaches NIS 1,910 per month, compared with NIS 715 per month, which is the monthly rent per room in Be'er Sheva, according to housing data in the CBS Household Expenditure Survey in the 16 largest cities in Israel in 2018.
The survey includes a series of data related to housing and housing expenses in major cities in the country. For example, the percentage of people living in apartments owned by all households was 66.5%, compared to 28% living in rented apartments (the rest lived in cooperative apartments such as kibbutzim, and nursing homes and sheltered housing). In contrast, in Tel Aviv, 53% of households live in rents, which is the peak of rent. In Beit Shemesh, on the other hand, 76% of households live in apartments they own, and it is the highest in any percentage of apartment ownership.
The density of housing in the largest cities in Israel is quite low, except for the cities where the ultra-Orthodox population constitutes a significant percentage of the population. In Bnei Brak, Jerusalem and Beit Shemesh, housing density is higher than one person per room, and the average housing density in large cities is less than one person per room.

The CPI remained unchanged in December 2019. Apartments rose 0.5% in October-November. This is how the CBS reports.
A noticeable rise in prices was recorded in the apparel section (1.6%). Notable price declines were recorded in fresh vegetables and fruits (3.7%) and culture and entertainment (1.5%). In 2019, the CPI rose 0.6%, below the lower limit of the government's price stability target (1% -3%).
In October 2019, the index registered an exceptional increase of 0.4% for this month, as in contrast to previous years, this year all Tishrei holidays began this month.
The Central Bureau of Statistics also announced that house prices continue to rise, with October-November 2019 housing prices rising 0.5% from September-October 2019 deals.
In the past year, house prices rose 3.4% in October-November 2019 compared to the same period last year. On the other hand, it was found that the prices of new apartments sold in October-November 2019 compared with the corresponding period last year - decreased by 4.2%. This is according to estimates as a result of apartment marketing in the price range for the buyer.
The Central Bureau of Statistics also reveals that the largest increase in house prices in October-November 2019, compared with September-October 2019, was up 1.5% in Tel Aviv District, while the other districts were up less than 1%. there is
It should be noted that compared with the corresponding period last year, the rate of increase has been moderate, with a 5% increase in housing prices in the Tel Aviv District in 2018, in the Northern District 4% and in the Jerusalem District 2.8%.
The new dwellings also recorded a minor increase between October and November 2019 compared to September-October 2019 by 0.4%. The Central Bureau of Statistics notes that the percentage of transactions carried out with government support and who took part in the calculation (for example, apartments sold on a per-user price path) constitutes 48.6% compared to 51.5% in the previous period.

An increase in the number of new apartments sold in September-November last year, and in 2019 in general compared to previous years. This is what the Central Bureau of Statistics (CBS) data shows.
In the three months surveyed, 7,720 new apartments were sold, a 31% increase over the corresponding period in 2018 when 5,857 were sold and 49% more than in the 2017 period in which 5,173 new apartments were sold.
In the first 11 months of 2019, 28,538 new dwellings were sold, compared to 23,000 in all of 2018. In the whole of 2017, 24,517 dwellings were sold. Accordingly, between January and November 2019, more new apartments were sold than in each of 2017, 2018.
The CBS data is based on a survey in which all construction companies that issue building permits participate. In recent months, the CBS also publishes data it receives from the tax authority.
In September-November 2019, the number of new dwellings sold and reported to the tax authority was even higher and stood at 9,090, with 3.4% not yet being reviewed by the tax authority. The CBS notes that this is a 1.2% increase compared to June-August 2019, when 8,980 new home sales were reported. The increase in the number of new dwellings sold is mainly due to housing price projects that reached a building permit this year, after which the construction companies sign purchase agreements with tenants. .
According to the CBS, the localities in which the number of new apartments sold in September-November were jumped: Beer Yaakov (569 apartments compared to June 45), Shoham (458 new apartments compared to June 23-August), and Lod (201 vs 24). Successfully rented out price flats to your resident, these projects have now matured and contributed to an increase in the number of new flats sold.
The CBS also reports on new apartments for sale and began construction, which is mainly aimed at self-building projects within your home or purchase groups. Weighting this data with the number of new dwellings sold creates the required quantity of apartments. The data shows that there is a significant decrease In the number of dwellings under self-construction - 3,770 in September-November, compared with 4,200 in June-August, a decrease of about 10%. This decrease resulted in a decrease in the number of apartments requested according to the CBS definitions.
In September-November 2019, the total quantity of new dwellings sought was 11,490 dwellings (new dwellings for sale and dwellings that were not being built). A decrease of 7.7% compared to June-August 2019. However, the CBS indicates that after seasonal effects (in the period under review, Tishrei holidays) the decrease is only 0.3%.