Israeli Real Estate Taxes are Amongst the World's Lowest | How Will the Israeli Housing Market React?

While many often complain about the relatively high rate of taxes here in Israel, there is a dim of light – Real Estate Tax. According to a new study comparing Israel, the United States, Japan, France, Russia, Spain, Canada, and Australia, real estate taxes in Israel came out to be the least amongst the group for a first hand apartment. For a second hand apartment and capital gains tax while selling, Israel was in the middle of the pack, not to be expected for a country known for its high tax rates.

While investors rejoice, however, the rest of homebuyers in the Israeli real estate market are less than enthusiastic, with the tax rates being one of the primary factors in the rise of home prices throughout the country, especially in the hot market of Tel Aviv. As we have all seen in the recent days, renters have resorted to mass protests throughout the country.
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