Tel Aviv is full of real estate icons. What I mean by this are the monumental buildings that dot the city and have lain dormant for years. These buildings are slowly being discovered by real estate tycoons bought for enormous prices. One such “real estate icon” is the building called
The market has been flooded with new office buildings in the Tel Aviv and outlying areas. Many new buildings are under construction and many new ones have just come on the market. Many companies and businesses have discovered the tax advantage of buying their own offices. They can get a
If you are thinking of buying an apartment in an old building perhaps you should think again. Many municipalities are demanding of apartment owners in old buildings that they renovate the façade of their buildings – at their expense, and boy is it expensive. If you can afford it you
Anyone who has ridden the rails in large cities such as New York knows that very often the underground train stations are like cities unto themselves with many square meters of stores, coffee shops and restaurants. We have not seen this in Israel – yet. Sometimes the train station will
Recent promises by the government for a change in legislation has caused a freezing of many projects. This is especially hard at a time when everyone is waiting for a lowering in real estate prices. One such “promise” is the exemption from V.A.T. for certain purchasers acquiring apartments in new
The success of many a real estate deal is connected to the question of when to buy. If you buy at a low price and sell at a high price you’ve made a profit. I haven’t discovered America here. The question is how to pay little and sell for a
I remember a time when the prices of second hand apartments were always linked to the U.S. dollar. This was because the Israeli currency was always sliding against the U.S. dollar and other currencies. This made the purchase of apartments by foreigners a lucrative deal for them and for Israelis
Many times I see advertisements for the sale of land. Usually this is land that is not yet zoned for building. The idea is that changes in the zoning laws of the area will enhance the worth of the land thereby causing the investor to make a hefty profit.
In the past few months there has been a big debate in the government and the public concerning the high price of apartments and the fact that many people cannot afford to purchase one. When purchasing an apartment from a construction company, 18% of the price is Value Added Tax
We’ve all heard of the German Templar colonies built during the second half of the 19th century all over Israel in places such as Haifa, Jerusalem, Jaffa, the Galilee and next to Lod. These were agricultural settlements built by a group of German Protestants from Wittenberg, Germany. These settlers brought
