Buying from plans means that the apartment exists on paper only. It is not yet built. You don’t see what you are getting unless you have the ability to envision how things would look by looking at the plans. I have written in the past about buying from plans in
The influence of the family unit on real estate taxation By Adv. Etgar Kedem-Kaufman, Adv. Avi Becker and Adv. Nicole Levin The influence of the family unit on real estate taxation is an important point to understand. As a general rule, real estate transactions in Israel are subject to the
What are Transferable Development Rights in Israel? Most cities in Israel have historical buildings, sites and neighborhoods. The law mandates that each municipality do a survey of all its historical sites and buildings in accordance with certain criteria. Did an historic event take place there? Was the building designed by
Redemption of the land of Israel began anew in the late nineteenth century with the birth of the modern Zionist movement. The idea of forming companies, raising the money and purchasing land in the Ottoman held land of Israel was thrown around by several Zionist leaders at that time but
Due diligence. Due diligence. Those two words are the key to any successful business deal. Why should it be different when buying real estate? It certainly should not be different when buying real estate in Israel, whether you live abroad or in Israel. Before entering a real estate transaction there
Is refinancing your mortgage a good idea now? The new Bank of Israel mortgage regulation allows borrowers to take up to 2/3 of their mortgage linked to Prime, which is currently at a historic low rate of 1.6%. Until recently the regulation stated that no more than 1/3 of a
The dollar-shekel rate reached a historic low last week. Most foreigners automatically assume that this will make it more difficult to buy a home in Israel, yet there are several ways to reduce the impact of the exchange rate on a property purchase. Those who buy a new property
Israeli real estate transactions from abroad during the Carona pandemic can be challenging. Government offices are closed in many places and it is difficult to get things done. New international laws restrict the transfer of funds needed to buy and sell real estate. How to navigate these obstructions when buying
Israeli real estate deals v. U.S. real estate deals – what is the difference and why is it important to know? Many people are nervous about entering into real estate transactions in Israel for various reasons. In Israel the real estate transactions are conducted in Hebrew a language they are
Changes in Israeli Purchase Tax Recent changes in Israeli purchase tax may be a stimulus for the Israeli real estate market. The hope is that this will stimulate the Israeli real estate market that was badly hit due to Covid 19. Every real estate transaction in Israel has at least
