Real Estate

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:...

A few days before the elections, the Ministry of Construction and Housing announced the opening of another lottery price draw for residents - for 851 housing units in the north. Of the total lottery apartments, approximately 662 apartments in Haifa, 170 apartments in the Galilee landscape, and 19 apartments in Hatzor HaGlilit. The lottery registration - will close on March 12, and the lottery results will be delivered to the winners in the following two weeks. The Ministry of Construction and Housing and the National Housing Office of the Ministry of Finance said that as part of the...

The year 2020 is opening up in the mortgage market: According to data published by the Bank of Israel, new residential mortgages in January totaled NIS 6.1 billion. This is an increase of 16.5% compared to January last year (NIS 5.2 billion). It is also up more than 6% in January compared to each of the past few months (except December, which was an all-time high). The data shows that the increase in mortgage recycling continues. Last January, the volume of recyclables stood at NIS 465 million, more than double that of January 2019. The figures also show that NIS 723 million was borrowed...

First signs of the impact of the Corona crisis on the housing market: According to the Central Bureau of Statistics, between January and March, 8,090 new apartments were sold, down 11.4% from October to December, where 9,130 ​​apartments were sold. This is the first official figure that reflects the state of the field's sales, following the companies' reports that since the beginning of the restrictions on the sale of apartments, they were almost completely stopped

The Corona crisis has led to a fall in real estate deals for the purchase of residential apartments last April that has crossed all market segments - young couples, investors, and housing enhancers - according to the chief economist's review of the housing sector in April, published Thursday. The total number of transactions was only 2,100 apartments - the lowest level recorded in the domestic real estate market at least since the early 2000s. The last 20 years. The review noted that the unprecedented slump in the number of transactions was recorded against the backdrop of the Corona...

The state-owned apartment rental company and the Israel Land Authority announced this morning that Parshkovsky onstruction company is the winner of a long-term rental project as part of the roof agreement, in a new neighborhood in Lod, which will build on Ben Shemen's land. The complex will include 352 units of which 286 are long-term rental apartments. The Ben Shemen project is the second project of the Parshkovsky Company as part of apartment tenants and is joining a project of 320 housing units currently being built in West Ramla. Lod agreed to the project despite recently announcing...

The volume of construction starts in the 12 months between April 2019 and March 2020 decreased by 2.3% compared to the 12 months preceding the period under review; This is according to the CBS data released Thursday. This is a period whose end was marked by the beginning of the restrictions in the economy due to the spread of the Corona, whose real implications can only be understood in the summary of May-June. During the period examined by the CBS, the construction of approximately 51,000 apartments began, and after 2019 was characterized by a mixed trend and in 2018 there was a 3.2%...

Surprising recovery in the housing market: A survey by the Chief Economist of the Ministry of Finance shows that in June there was a record sale of apartments since the outbreak of the crisis. The increase was also recorded compared to June last year. Total transactions last June amounted to 10,900 - an increase of 16% compared to June last year. After deducting price-per-tenant sales, 9,100 transactions were recorded in the free market - an increase of 11% compared to the corresponding period. 4,200 new apartments were sold in June, the highest monthly number since the beginning of the...

The corona crisis gave its signals on the real estate market in the second quarter of 2020: In April-June, 16,800 apartments were sold in the free market (ie apartments that were not subsidized by the state) - a decrease of 27% compared to the corresponding quarter last year. Published today (Sunday) the chief economist at the Ministry of Finance, Shira Greenberg. It should be noted that this is the sharpest quarterly decline rate since the second quarter of 2014 that stood in the shadow of waiting for a zero VAT plan and also the lowest level since the first quarter of 2003 that stood in...

Despite the corona crisis, the closure and the High holidays, the number of transactions in September 2020 was among the highest recorded in September in the last twenty years, both in terms of total transactions and those made in the free market only. This is according to data from th chief economist at the Ministry of Finance. The numbers indicate that last September 9,600 apartments were purchased (including price-per-tenant apartments), unchanged from September 2019 and a decrease of 11% compared to the high level of transactions recorded in the previous month. These are particularly...