Israeli Housing Market Index Hits a 6 Year Low

Israeli Housing Market Index Hits a 6 Year Low

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

Israeli Housing Prices Up 15.3% In 2011

Israeli Housing Prices Up 15.3% In 2011

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

Israeli Mortgage Interest Rate Rises, Yet Again…

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.

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Israeli Mortgages Keep On Growing

Israeli Mortgages Keep On Growing

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

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.

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Israelis Dream of a Life in Tel Aviv

Israelis Dream of a Life in Tel Aviv

Well, it’s official. Tel Aviv is the number one place that both the average and high net worth family would like to live. The poll, […]Read more