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

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  1. Giles says:

    There’s three things slowing the market down at the moment;

    1. Reduction of capital gains prompting people to sell which ends 2012.
    2. The high shekel which has slowed down foreign investment.
    3. Word of mouth, all the chatter has hit confidence causing the “wait and see attitude” amongst investors.

    What you should consider is the following;

    1. Cap. gains reduction ends in 2012. Thats going to mean lots of properties coming off the market causing again, a lack of supply.
    2. The shekel is likely to weaken following Capital Gains legislation coming into effect July 2011 on short term securities for foreign residents will see an en masse sale to avoid capital gains tax – http://telaliving.com/?p=214

    3. The lack of confidence in the market is not affecting foreign buyers who are here, en masse viewing properties and paying top dollar. Thats from my own personal experience with viewings on my apt in Bar Kochba.

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