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...