17.12.2010 - Israel: Gov't to report more steps to cool real estate market
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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