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Demand for homes surges after Israeli government scuttles zero-VAT proposal

Real estate agencies report a pick-up in interest which could cause home prices to rise by as much as 3 per cent within three to four months.


BUSINESS has suddenly picked up at Shelly Levine's Jerusalem real estate agency: The crumbling of Prime Minister Benjamin Netanyahu's government has killed a proposed tax break that had homebuyers biding their time.

Yair Lapid, the finance minister Mr Netanyahu fired last