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Multiple home ownership in Israel rose despite tax hike


Multiple home ownership in Israel rose despite tax hike
Despite the rise in purchase tax between 2015 and 2020, the number of Israelis owning two or more homes has jumped 30%.
More than 3,800 Israelis own six or more apartments, up 50% over the past six years, including 511 Israelis who own 10 apartments or more, the Israel Tax Authority has told Globes. The figures also show that the number of Israelis owning two apartments or more has been consistently rising and in the first five months of 2021 has risen 2% from the end of 2020.
The rise in buying homes for an investment is no surprise considering that home prices have been consistently rising, except for a slight fall in 2018 and have risen 25% over the past six years. ....

Moshe Kahlon , Israel Tax Authority , Finance Moshe Kahlon , Chief Economist , Finance Chief Economist , மோஷ் கஹ்லான் , இஸ்ரேல் வரி அதிகாரம் , நிதி மோஷ் கஹ்லான் , தலைமை பொருளாதார நிபுணர் , நிதி தலைமை பொருளாதார நிபுணர் ,

Housing sales in Israel hit 20-year high in 2020


Housing sales in Israel hit 20-year high in 2020
62,000 homes were sold in the second half of the year, the Ministry of Finance Chief Economist reports.
In 2020 there were 107,100 housing deals, while of the highest numbers in recent years. 62,000 of the deals were in the second half of the year, the highest number of homes sold in a six month period for 20 years, according to the residential real estate survey published by the Ministry of Finance Chief Economist office.
2020 was an exceptional year in every sense of the word. Residential real estate sales in the first two months were very strong, continuing the trend from 2019. But then the Covid-19 pandemic struck and sales plunged between March and May before slowly recovering with an unprecedented boom in the second half of the year, further boosted by the government s cut in purchase tax on owning more than one home, which drew investors back into the market. ....

Moshe Kahlon , Finance Chief Economist , Finance Moshe Kahlon , Fixed Buyers Price , Fixed Buyers , மோஷ் கஹ்லான் , நிதி தலைமை பொருளாதார நிபுணர் , நிதி மோஷ் கஹ்லான் , சரி செய்யப்பட்டது வாங்குபவர்கள் ப்ரைஸ் , சரி செய்யப்பட்டது வாங்குபவர்கள் ,