A rise in Israeli property tax is about to happen to both short term stay and holiday rentals. This is a massive concern to all who own property in Israel and are looking to maximize their profits. The Israeli real estate market is known to be filled with huge opportunities for investment in holiday homes. It is a well-known fact that hotels and motels can be a bit on the pricey side, especially when located in central locations and even more so during peak times of the year. Naturally, when these popular vacation times come around, there are people looking for top quality places to stay, just without breaking the bank.
Israel Property Network prides themselves on providing an elite service whereby both the owners and renters feel that their best interests are being fully taken care of.
Airbnb has over 8,000 rooms and apartments available in Tel Aviv alone, which matches the amount of hotel and hostel rooms available, and yet, the 40% increase in tourism that burst previous records for Israel, pushes a high demand in property availability. The impact on Tel Aviv from the upcoming Eurovision contest will only squeeze the market even more for the incoming horde of tourists. The time is right for you to maximise your rental income for your property in Israel.
All this considered, the government of Israel is starting to observe this activity closer with a more watchful eye as it moves to raise property taxes on Airbnb apartments. This won’t take effect though, until after the Eurovision contest. Therefore, now is the best time to understand the new property tax plans and invest strategically in Israel to obtain the best opportunities that the White City offers while it still exists.