The interest rate is negligible, and the investors are crowding into the real estate market. New figures published by the Israel Tax Authority indicate a surge in the number of housing units purchased for investment, while housing prices are at a peak.
The figures show that the number of Israelis owning 10 or more housing units has shot up 79% since last August to 331, as of the end of April.
The number of Israelis owning nine housing units is 185, up 13%. 294 Israelis own eight housing units, 575 own seven, 1,218 own six, 3,157 own five, 9,611 own four, and 38,000 own three.
The number of Israelis owning one housing unit rose only 2% to 1,198,000. 197,000 Israelis own two housing units.
Published by Globes [online], Israel business news - www.globes-online.com - on May 17, 2015
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