According to Knight Frank and CNBCIsrael’s real estate market ranks third in the world in regards to growth over the past 5 years, topping hot property markets like Singapore and Thailand, though behind both Hong Kong and China.
The Mishkan Housing Market Index, a monthly index that measures the financial conditions of the Israeli Housing Market, hit a 6 year low in December 2010, the lowest since October 2004. The index is made up of 4 factors; the Israeli average salary, the unemployment rate, national apartment prices, and the mortgage interest rate. According to Bank HaPoalim, “the prices of homes in Israel rose 14.7% in the preceding 12 months. Since the last low point in 2007, prices has risen 38% in real terms”. That being said, the index has fallen 21% from its high point of 171 points in July 2008.Read more
The Israeli Central Bureau of Statistics reported this week a number of interesting figures in regards to our real estate market here in Israel. Despite […]Read more
Now let’s face it, mortgage rates in Israel aren’t exactly the most interesting thing in the world to most us outside of finance, but they’re sure as hell really important nonetheless. Here’s what you need to know—they’ve risen, yet again. Due to new regulations from the Bank of Israel (Israel’s Central Bank) in an effort to cool the hot housing market, the retail banks of the nation are in a frenzy coming up with a number of new regulations and rates, the majority of which are of no help to most us.
Mortgage rates in Israel have fallen 16% from 2010’s all time highs, prompting the masses to begin speculation for the short and long term effects […]Read more
Mortgage rates in Israel have fallen 16% from 2010’s all time highs, prompting the masses to begin speculation for the short and long term effects […]Read more
The Bank of Israel reported that the amount of mortgages taken out by Israelis has risen 4.5% from last year. Despite the continuing rise in home prices, Israelis and foreigners continue to buy real estate here en masse.Read more
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 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.