The pricing plan for the occupant or Mehir Lamishtaken, which Finance Minister Moshe Kahlon extended at the beginning of his term to nearly 100% of state lands, aimed to benefit young couples who did not own an apartment, while directly benefiting private owners. Under the auspices of the program, private lands have become a rare and sought-after product, and private owners have allowed themselves to raise...
The tax authorities are examining the taxation of kablanim (builders) who are left with unsold apartments. The tax administration wants to lower the prices of entrepreneurs who hold unsold apartments in new projects, to which they respond: "an undemocratic gesture." Furthermore, the tax administration will verify whether the entrepreneurs' reports on profits are accurate. "This is a movement we are...
The land, owned by Amot Investments, is intended for the construction of a prestigious residential project comprising only 17 apartments. The buyers: brothers Paul and Jeffrey, owners of the Arena Mall shopping center in Herzliya. The company Amot Investments, led by Natan Hetz, is finalizing the sale of a plot it owns on Rothschild Boulevard in Tel Aviv, which it is selling to Canadian brothers Paul and...
The finance and economy ministers have signed cooperation agreements with their German counterparts. Trade between Israel and Germany is around 8 billion dollars per year. The agreements are likely to advance the fields of technological innovation, in which Israel has an advantage. The Chief Economist Division will be responsible for relations with the German Treasury. Finance Minister Moshe Kahlon and...
The court approved the sale of the land located between Hayarkon Street and Herbert Samuel after a long dispute among the owners. The Ofer Investments group plans to build a twin tower for the project "Herbert Samuel 10". The Tel Aviv District Court approved on Tuesday the sale of a prestigious plot of land on Hayarkon Street in Tel Aviv. Judge Amit Yariv accepted the complaint filed by some of the...
The local committee approved the construction of a large residential and hotel complex in the city. Avi Carel, a developer from Eilat, is expected to invest 300 million NIS in a complex comprising 146 hotel rooms and 207 residential apartments spread across 11 buildings. He indicated that he is in the process of issuing the building permit for the project. The land on which the project is planned is...
Since the beginning of the year, the Ministry of Labor has imposed fines of only 1.5 million NIS on contractors. The enforcement of penalties for safety risks on construction sites has been one of the Ministry of Labor's great hopes to reduce worker mortality, but on the contrary, in the meantime, the incidence of accidents has increased at an alarming rate. Since the beginning of the year, the law...
The next public craze: the kibbutz and moshav space for solar energy. Building permits for solar farms are currently granted to landowners as well as to villages with a certain number of square meters. These permits represent a form of compensation for abandoning agriculture, and some see it as a money-printing machine without work. Today, kibbutzim and moshavim are allowed to create solar fields with the...
Cesarit, construction is starting! Located by the Hadera Bay, the new Tayelet will open in early 2019. Cesarit is a project of over 130 villas built facing the Mediterranean Sea. There are 6 buildable plots remaining in the entire project, ranging from 400 m2 to 500 m2 each. The prices for the plots start at: 2,200,000 Nis. If you are interested in the project Contact...
According to the settlement, First International Bank, Bank Leumi, Discount Bank, Mizrahi-Tefahot Bank, and Union Bank, Kost Forer Gabbay & Kasirer, and the insurance companies Clal and Menorah will pay 31 million NIS to Hefziba Hofim and Heftziba Jerusalem Gold. The Jerusalem District Court approved on Wednesday two settlement agreements made on behalf of the companies Hefziba Hofim and Heftziba...
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