Yaron Gindi, the legal advisor and president of the Chamber of Tax Advisors asked: “The real estate market is troubling everyone here. In general, unfortunately, I think that the real estate market is a problem that is not realistic, it is a problem of a leadership crisis. The problem can be solved in the real estate market, but I am now looking at how the politicians took you, the tax authority, and decided on means of imposing taxes such as An increase in the purchase tax, for example, to influence the world of real estate and keep investors away from real estate on the one hand, or in general to encourage the sale of apartments, to suppress the purchase of apartments by investors. And now that you’re sitting on the chair and say… because it has high operating costs, to this story of the reforms that were made to remove investors from the market and in general – look back and tell me whether what you did in the world of taxes to influence the real estate market really had the effect it had and was intended to have, and is it What should have been done?”
More in-
Jacob replied: “The solution, and you know this very well, in the end is supply, supply, supply, supply and supply again. Right? And to generate supply and start construction, and you have built one or two buildings, it takes time. So this thing, when it takes time , the tax authority came at the request, yes? of the decision-makers, and acted to raise the tax on a second apartment to 8 percent in order to exclude those who own multiple apartments, for apartments from the market… their legs.”