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Israel: Gov’t to report more steps to cool real estate market

Posted on 17 December 2010

From Globes.co.il: Minister of Finance Yuval Steinitz and Minister of Housing and Construction Ariel Atias will announce additional measures to cool the real estate market, at a joint press conference this morning. The measures will reportedly include higher taxes on the purchase of apartments for investment.
Just a month ago, on November 15, the government launched a series of measures to boost the housing supply in the short term, and lower prices. The measures include a reduction in the betterment tax for a limited period to encourage the sale of 1.9 million dunam (475,000 acres) of privately owned land……………………………………….Full Article: Source


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