Number of transactions has dropped sharply since purchase tax was boosted.
Israel real estate
On Monday, Bank of Israel Governor Karnit Flug said that buying a first property may become cheaper, ‘even if it comes at the cost of higher rents.’
Karnit Flug sees economic growth gathering pace after brief slowdown, gives lukewarm backing to finance minister's plan to tax owners of multiple homes.
2016 likely to see $16 billion in new combined lending, about the same as in 2015.
Everyone wants a piece of the action because the returns are better in America. American Jewish property magnates are opening critical doors.
Proposed 18,000-shekel tax is full of problems, say coalition chair and committee head.
If pace continues, number will be less than in 2015, far short of the government’s target of 60,000
'We would have bought it anyway, regardless of Ben-Gurion,' says the owner.
Six weeks after Haaretz investigative report: Miriam Feirberg was grilled by police for hours, and was subsequently detained; she joins four more suspects involved in multimillion-dollar real estate deals in the coastal city.
Experts in construction suggest a combination of reasons.