What happens when a foreign resident who owns property in Israel dies? What happens to his Israeli property? Very simply, it goes to his heirs. If the deceased left a will then the property will go to those heirs mentioned in the will. Even if we are talking about a
You’ve found your dream home in Israel. Now, how are you going to pay for it? What bank should you go to? What type of mortgage should you take? Will you be able to afford the monthly repayments? How will you navigate all the paperwork? Can you take out an
So you’re in the market for a new home. What do you do next? What are your obligations when you use a real estate agent? Once you find what you’re looking for, how do you make an offer on the house? Is it possible to bind the seller to the
The past few years have seen a lot of changes on the Israeli Real Estate scene. Economic catastrophes elsewhere in the world have acted as catalysts for change in the mindset of Israelis, the government and lawmakers. Some of these changes will be fleeting but many are here to stay.
Selling a home in Israel doesn’t always go as smoothly as you might hope. The easiest way to navigate the maze of tax, legal contracts, payment schedules and more is to plan everything out in advance, know what questions to ask and consult with experienced real estate legal professionals .
It is a well known fact that the majority of the land in Israel is owned by the government. Whole cities, such as Beit Shemesh and Modiin and large parts of other cities as well, are all owned by the government. These lands are administered by a government agency called
Two years ago, when news of the Sub Prime crisis in the United States first reached our ears, no one believed that it would have an effect on the Israeli real estate market. However, like many things in life this crisis set up a domino effect and became the precursor
In the past few years we have been witness to a new trend in Israeli Real Estate projects – purchasing groups. It is estimated that about a third of the apartments currently being constructed in central Israel are being constructed by purchasing groups. The current economic crisis has brought in
The Global Economic Crisis and Its Effect on the Israeli Real Estate Market– A Real Estate Lawyer’s Perspective
Israel is not an island unto itself although it may seem so at times. In the past few years we have seen a booming real estate market in Israel, with prices in major cities such as Jerusalem and Tel Aviv, and the periphery, such as Modiin and Beit Shemesh, skyrocketing.
You have decided that the time has come for you to sell your apartment or house in Israel. Whether it’s your primary home or a real estate investment, there are some important questions you need to ask your real estate attorney before moving forward with the deal. Will I need