What’s Happening in the Israeli Real Estate Market? | Perspectives on the Housing Market in Israel

What’s Happening in the Israeli Real Estate Market? | Perspectives on the Housing Market in Israel

Over the past month, the Israeli business press has been flooded with numerous articles and interviews concerning the state of the Israeli housing market. After seeing a steady increase in housing prices since 2007, at an average rate of 12% a year, prices rose over 15% in the last year, prompting many in the press and public to claim a bubble, due to these numbers being out of the norm for a developed country.

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What's Happening in the Israeli Real Estate Market? | Perspectives on the Housing Market in Israel

What's Happening in the Israeli Real Estate Market? | Perspectives on the Housing Market in Israel

Over the past month, the Israeli business press has been flooded with numerous articles and interviews concerning the state of the Israeli housing market. After seeing a steady increase in housing prices since 2007, at an average rate of 12% a year, prices rose over 15% in the last year, prompting many in the press and public to claim a bubble, due to these numbers being out of the norm for a developed country.

Read more

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

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.

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

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.

Read more

Are Real Estate Prices in Israel About to Drop? | Where is the Israeli Housing Market Going?

Are Real Estate Prices in Israel About to Drop? | Where is the Israeli Housing Market Going?

With the continuous rise in real estate prices in Israel over the past few years, many have begged to ask the question, “when will they fall?”. Those of us in the business get this question almost daily, with each of us giving a different perspective, depending on which market we’re catering to. My take? There are simply less apartment and homes sales being done here in my market in Tel Aviv, though that’s not to say that the prices have been lowering, and for us lucky brokers who have been able to seal deals, business has been good.

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Are Real Estate Prices in Israel About to Drop? | Where is the Israeli Housing Market Going?

Are Real Estate Prices in Israel About to Drop? | Where is the Israeli Housing Market Going?

With the continuous rise in real estate prices in Israel over the past few years, many have begged to ask the question, “when will they fall?”. Those of us in the business get this question almost daily, with each of us giving a different perspective, depending on which market we’re catering to. My take? There are simply less apartment and homes sales being done here in my market in Tel Aviv, though that’s not to say that the prices have been lowering, and for us lucky brokers who have been able to seal deals, business has been good.

Read more