Demand for homes surges after Israeli government scuttles zero-VAT proposal
Jerusalem
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 week before calling new elections on Dec 2, wanted to scrap the 18 per cent value-added tax for eligible first-time homebuyers. The prime minister has scuttled the plan.
BT is now on Telegram!
For daily updates on weekdays and specially selected content for the weekend. Subscribe to t.me/BizTimes
Property
The architect who made Singapore’s public housing the envy of the world
Stamp duty takings slip in FY2023 while property tax revenue swells
Businesses in DC blame the government for the district’s empty offices
Hong Kong home prices drop to erase gains after property tax cut
Swedish housing starts show signs of bottoming out on rate cuts
Soaring towers shape Hong Kong's urban landscape