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Israel Central Bureau of Statistics

Israel Central Bureau of Statistics. INVESTMENTS OF FOREIGN RESIDENTS IN THE ISRAELI HOUSING MARKET A short descriptive analysis from the Tax Authority’s file. George Kun October 2013. Presentation Agenda. The Real Estate Transactions File (RESF)

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Israel Central Bureau of Statistics

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  1. Israel Central Bureau of Statistics INVESTMENTSOF FOREIGN RESIDENTS IN THE ISRAELI HOUSING MARKETA shortdescriptive analysisfrom the Tax Authority’s file George Kun October 2013

  2. Presentation Agenda • The Real Estate Transactions File (RESF) • The investments of foreign residents in the Israeli housing market • The transaction value of a house bought by a foreign resident, vs. a house bought by an Israeli resident • Recommendations

  3. The Real Estate Transactions File

  4. The Real Estate Transactions File (cont.)

  5. Domestic and Foreign Investments in the Israeli Housing Marketat current prices1990=100

  6. Domestic and Foreign Investments in the Israeli Housing MarketFebruary 1990 to July 2013, at current prices- percent change on previous month -

  7. The Share of Foreign Investments in the Israeli Housing Market(percentages)

  8. Investments in the Israeli Housing Market

  9. The Share of Foreign Investments in the Israeli Housing Market, by Cities, percentages

  10. The Share of Foreign Investments in the Israeli Housing Market, by Cities, percentages (cont.)

  11. Who Sells Israeli Housesto Foreign Residents?

  12. The Average Transaction Valueof Houses, by Investorat current prices1990=100

  13. The average transaction valueof the houses bought by foreign residents vs. houses bought by Israeli residents2010-2013(attention: the houses are different!) The average transaction value of a house bought by an Israeli resident taken, in each year, equal to 1

  14. The Average Transaction Value:Foreign Resident / Israeli Resident, by Cities,2010-2013 (attention: the houses are different!) The average transaction value of a house bought by an Israeli resident taken, in each period, equal to 1

  15. Recommendations • Detailed objectives for the new statistical production have to be clearly defined • An analysis on the investments in other real estate assets (land and buildings) from the RETF data is required • A quality improvement of the data in the RETF have to be done by the TA • Merging ID data from the RETF, with the Carmen file and the Housing and Building Register could produce more reach and consistent statistics

  16. Thank you!

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