Tivuch Ida

Professional agency with a personal touch


Rental thoughts to munch on


When I think of rentals, many ideas are conjured including cost, size, location etc.
Rental costs vary in cities. Tel Aviv and Jerusalem for example have high rental fees comparatively to Beit Shemesh,Kiryat Gat, or Beer Sheva. In these areas one can find decent聽rentals .
When looking at rentals, one must pay attention to many pointers .One does not want to rent a home that has damp issues, or requires聽work that has not been done.
Even better, beware of homeowners who promise to deal with issues that have not been dealt with . If you came to look at the apartment and serious issues have not been
dealt with BEFORE viewing , you will want to inspect it AGAIN before signing a contract.
Renters should take all costs into consideration to verify that the apartment they
are interested in, they can afford and not THINK they can afford it.
For example, this 6 square meter kiosk rents for 12,500 shekels a month.
Can you afford the rent? The municipal tax? Any related maintenance fees?
This does not include water, electricity, gas etc.
Got any questions, feel free to contact me. 馃檪

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Internet shopping..good or bad?


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Nowadays if you have a question, looking for information, or just curious the best thing to turn to is …the internet.
For example, my dog eats rather quickly and I want him to enjoy his food. This caused me to wonder if there are toys “out there” that can slow down his eating whilst making me feel good thinking this will force him to “enjoy his food”.
So what did I do? “flick” turned on the computer and asked google what items are聽available to purchase.
It’s interesting how originally my intention was to spend 20 minutes researching,
turned into at least double that time.
Since internet is readily available, companies want to offer all the information
a consumer is looking for and beyond what they are looking for, we end up spending
more time than expected and may end up spending more than initially expected.
This does not include all the side advertisements that “bling” on the side, attracting your attention to click on their “awesome deal”.
Maybe BEFORE entering the internet world, one should arm themselves with well
thought out intentions so as not to get sucked into the internet shopping world
and your credit card maxed out. 馃檪

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Leumi hi tech loans


Own a small business or want to open a small business? The European Investment Fund and Bank Leumi signed an agreement allowing higher lending to innovative small and medium size businesses .Bank Leumi could provide finance of $100 million to technology companies in Israel .聽If hi -tech is no longer a leader in the Israeli economic growth maybe this could give it a boost.

 

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Sales in Givat sharett, Beit Shemesh area


 

 

*讬讜诐 诪讻讬专讛 *转诪讜专讛 诪讜爪讛专转 讬砖讜讘 砖讟讞 讞讚专讬诐
20/05/2015 1,037,000 鈧 讘讬转 砖诪砖 63 3.0
04/06/2015 1,565,000 鈧 讘讬转 砖诪砖 100 4.0
14/05/2015 900,000 鈧 讘讬转 砖诪砖 81 3.0
21/06/2015 900,000 鈧 讘讬转 砖诪砖 67 3.0
22/06/2015 1,050,000 鈧 讘讬转 砖诪砖 116 6.0
30/07/2015 980,000 鈧 讘讬转 砖诪砖 74 3.0
13/08/2015 1,000,000 鈧 讘讬转 砖诪砖 82 4.0
17/08/2015 965,000 鈧 讘讬转 砖诪砖 63 3.0
12/11/2015 920,000 鈧 讘讬转 砖诪砖 63 3.0
06/12/2015 990,000 鈧 讘讬转 砖诪砖 67 3.0

 


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How to care for 2 parents ….


This article is meant to 聽give ideas to children who have elderly parents or parents that can’t care for themselves. I am not sure if the ideas in this article is ideal. Owning a home is a goal we all try to achieve, at least in Israel. To consider a reverse mortgage聽one must weigh its merits heavily.The new trend in purchasing a home or apartment is having a smaller unit attached to the property so it can either be rented out or used to care for elderly parents.

How to care for two parents at once 聽without going broke

YOUR MONEY

By Chris Taylor

New York (Reuters)- For years, Madeleine Smithberg has been at the forefront of American comedy as cocreator of The Daily Show and a talent coordinator for Late Show with David Letterman.

That sense of humor was especially handy during the last few years. That is because Smithberg had to cope with not one but two elderly parents in rapid decline.”It’s heartbreaking”, says Smithberg, 56 who has a production company in Los Angeles. “And yet it’s invisible, because nobody talks about it”.

Dealing with one aging parent is challenging enough, whether you are helping navigate the complex health-care system, 聽paying for an assisted-living facility or struggling with cognitive decline as the parent slips away. But the emotional and financial stress can be more than double if you are caring for both parents at he same time.

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More three-room apartments were started in January-June 2015 than in all of 2014



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Knesset approves Kahlon’s tax increases on apartments for investment


By Niv Elis

The Knesset on Monday approved Finance Minister Moshe Kahlon’s plan to increase taxes on apartments, a move intended to steer existing apartments out of the rental market and onto the sales market.

By making it more expensive for investors to buy apartments for renting out, the Finance Ministry hopes to keep more apartments on the market聽for home buyers, thus driving down the sales price.

The law will go into effect on June 24, not July 1 as earlier planned, in order to cover apartment buyers looking to quickly close deals ahead of the law coming into effect.

Tax rates will rise to 8 percent on apartments under NIS 1.12 million (currently at 5%), from NIS 1.12 m. to NIS 3.37m. (currently 6%) and from NIS 3.37m. to NIS 4.64m. (Currently 7%). 聽They will rise to 10% on apartments from NIS 4.64m. to NIS 15.47m. (currently 8%) and remain at 10% for apartments over NIS 15.47m.

“I’ve seen the entirety of things they (the Finance Ministry) want to do in housing, and for the first time we are talking about a serious process and, if it comes to fruition, we are on the right path,” said Finance Committee chairman MK聽Moshe Gafni (UTJ).

Zionist Union MK Manuel Trajtenberg, who had run as his party’s nominee for finance minister, congratulated Kahlon for getting the ball rolling.

“This is the first step in the right direction after six years of absent policy for failed attempts to deal with the insane increase in home prices,” Trajtenberg said.

The bill hit a brief sang when opposition parties objected to how the new rules apply to siblings who inherit an apartment. The apartment would be considered an investment apartment only if three or more siblings inherit it.

“You must find a solution to inheriting siblings starting at two siblings, and not just from there up,” said Zionist Union MK Erel Margalit. “We should define聽ownership as over 聽‘a portion of the apartment’ and not a third of an apartment.”

The treasury promised to address the issue within a month, and the provision of a temporary measure in the bill brought most of the opposition on board to support it.

Finance Ministry director-general Shay Badad noted that the policy was the first in a series of steps intended to increase the supply of housing, but said this step was one that could have an immediate, if limited, impact.

Every percentage increase in the purchase tax, he said, would reduce the market of investors by 10%.


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Rents rise 6.6%in a year nationwide


Price of average home increases despite fall in sales

By Ori Chudy and Shlomit Tzur

August is the most active month in the residential rental market, especially with the new academic year approaching. Added to the pressure this year is the expectation that promised government programs will make buying an apartment cheaper, which is encouraging potential buyers to continue renting and to renew leases.

Rents rose 1.1聽percent聽nationally in the second quarter of 2014 compared with the first quarter and 6.6% compared with the corresponding quarter of 2013, according to Central Bureau of Statistics data.

Since 2007 , rents have risen an average of 64.2% nationwide. In Tel Aviv they increased 85% in seven years from NIS聽3,067 per month in the second quarter of 2007 to NIS 5,671 in the second quarter of聽聽2014.聽In 2007, rents for large apartments聽(4.5 TO 5 Rooms) in聽Tel聽Aviv聽were the highest in the country at聽聽NIS聽4,849 per month.Today they are NIS 5,671.

In the Sharon region, average rents have risen 73% since 2007, while rents for large apartments increased 785.

The lowest rents in the second quarter of 2014 were for small apartments (1.5 to 2 rooms) in Haifa and its Bayside suburbs, at NIS 1,654聽per month. In 2007 they were also the lowest rents nationwide at NIS 1,250. That is still a聽聽32.3% increase, with a聽聽5.5% annual return on investment for landlords.Renting out an apartment in the North yielded an average return of 5.2%.

Returns on investment for small apartments were 4.5% in Haifa,聽4.2% in the central region and聽4.75 in the South.

The lowest return for landlords for renting out large apartments in Tel Aviv and in Haifa, at 2.5% in both cities, despite the difference in prices.

The slowdown in the sale of homes continued alongside rising apartment prices in the second quarter of 2014, Government Assessor Tal Alderotti reported Monday. The price of an average 4 room apartment in Israels six largest cities rose 1.6 percent in the second quarter and 6% in the 12 months ending in June.

Average home prices rose most sharply in Ramle (7%) in the second quarter, followed by Eilat (6%), Jerusalem and Modiin (4% each ). Prices rose 1% in Tel Aviv in the second quarter and 9% over the 12 months ending in June..

Prices fell 1% in Holon and 4% in Beersheba in the second quarter. There was no change in prices in Ashkelon, Herzliya, and Kfar Saba in the second quarter.

There was a major slowdown in home sales in the second quarter, mainly of new homes because of the governments plan to charge 0% VAT to new home buyers. However, the low number of deals did not stem rising prices.


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Ministerial C’tee approves 0% VAT on new homes


The bill now moves on to the Knesset Finance Committee.

The changes already made include raising the eligibility threshold for applicants who did not serve in the IDF or National Service from NIS 600,000 to NIS 950,000, and eliminating the eligibility document. The revised bill also sets September 1 for the law to come into effect.

The bill is also opposed by Bank of Israel Governor Dr. Karnit Flug who fears that much of the savings in 0% VAT will not find its way into the buyer’s pockets.

Published by Globes [online], Israel business news –聽www.globes-online.com聽– on June 16, 2014

* The big question is, who will it benefit?


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Cabinet unanimously approves zero VAT plan


The goal is for the Knesset to approve the zero VAT bill for first-time homebuyers by September 1.

The cabinet today unanimously approved the zero VAT bill for first-time homebuyers of new apartments. The bill now goes to the Knesset Finance Committee and to the Knesset plenum. The goal is for the Knesset to approve the bill by September 1.

Published by Globes [online], Israel business news –聽www.globes-online.com聽– on June 22, 2014


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The plan for 0% VAT on new homes of up to NIS 600,000 for those who don’t perform national service has been slammed.


The maximum price for which a VAT exemption will be granted to those who have not served in the Israel Defense Forces (IDF) or civilian national service, it is believed, will change from NIS 600,000, as the Ministry of Finance announced yesterday, to a larger amount. This follows the stubborn objections of Minister of Construction and Housing Uri Ariel, and comments by the Minister of Justice, and the Attorney General that if there are insufficient new apartments in this price range then the price will change.

It appears that Minister of Justice Tzipi Livni is also demanding explanations about the compromise. Livni instructed Ministry of Justice Land Appraisals Council chairperson Tal Aldrussi to check whether the data presented to the Ministry of Justice in the discussions of the zero-VAT agreement are correct and accurately reflect the reality in the market.

According to Livni, if the data are not in line with reality, 鈥淭here will be no escaping changing the relevant clause.鈥 She further said that 鈥淓ncouraging and rewarding young people who bettered their country by serving in the IDF or national civilian service, is a worthy process, and is our duty. If it becomes clear that the figures presented to the Ministry of Justice, based upon which the Attorney General made his recommendation to the government, are inaccurate, and are not in line with reality, there will be no choice but to adjust the amount at which the benefit is given, without harming the benefits given those who served their country.鈥

Published by Globes [online], Israel business news –聽www.globes-online.com聽– on May 12, 2014

漏 Copyright of Globes Publisher Itonut (1983) Ltd. 2014