Israeli home purchases up 32% in May, buoyed by scrambling investors
Some 12,400 homes change hands in May - a record for the past decade - as buyers scurry to complete deals before June 1 VAT increase; figures are likely an exception, not a new trend.
There was a sharp increase in the number of homes purchased by investors in May − 53% more than in April, according to the Finance Ministry’s summary published Thursday.
register with haaretz
Like us on Facebook and get articles directly in your news feed