Record Houses Sold in Nov., Ahead of Tax Hike for Investors
A record number of homes were sold in Israel in November 2021, the Finance Ministry chief economist reported.
18,200 homes were sold in Israel in the month, as investors scrambled to beat the purchase tax hike for buyers who already own one property.
6,700 of the homes bought in November were by investors, bringing the number of homes brought by investors to 12,000 in October and November 2021. Young couples and first-time buyers were also active on the market in November, buying 6,100 homes, up 23% from November 2020. This figure included 1,200 homes as part of the government’s Mechir Lemishtaken (Price Target) program.
Tel Aviv was the most popular city for real estate investors in November with 800 homes sold there, followed by Yerushalayim (520), Haifa (380), Be’er Sheva (270), Bat Yam (260), Ramat Gan (250), Ashkelon (240) and Netanya (230).
To Read The Full Story
Are you already a subscriber?
Click "Sign In" to log in!
Become a Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Become a Print + Web Subscriber
Click “Subscribe” below to begin the process of becoming a new subscriber.
Renew Print + Web Subscription
Click “Renew Subscription” below to begin the process of renewing your subscription.