Buying property in Israel despite a low dollar-shekel rate can be trying. The impact of the exchange rate on a property purchase in Israel can be reduced. The dollar-shekel rate reached a historic low last week. Most foreigners automatically assume that this will make it more difficult to
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
What real estate taxes do you need to pay? If you’re involved in real estate transactions in Israel, whether buying, selling or renting, you need to know about any taxes you may be required to pay. Here’s an overview of 6 real estate taxes you need to know about. Land
Navigating the Israeli real estate maze can be difficult. Most real estate transactions are uncomplicated and easy to complete, but when complications do arise, the dry legalese can suddenly take on a life of its own. It’s then that you’re grateful that your lawyer has read and understood the implications
I have been approached many times by people about inheriting land in Israel. The usual scenario is that their great grand parent purchased land in Israel before it became a state. Sometimes the property is a building and sometimes it is land. Very often people don’t know what they really
10 Important Things to Know When you buy a new home in Israel from a construction company or “on paper” , as they say, you don’t really know how the finished product will look because all you see are the pre-construction plans. You have very little idea how the apartment
By Attorneys Etgar Kedem-Kaufman, Avi Becker and Nicole Levin Sometimes you may be entitled to a Land Appreciation Tax exemption. As detailed in our former article, Land Appreciation Tax (“Mas Shevach” in Hebrew), is a tax levied on a real estate property seller in Israel in accordance with the Land
By Adv. Sherri Lerner-Horowitz Zoning and planning issues in Israeli real estate transactions can cause many problems. The following story comes from the desk of an Israeli zoning and planning attorney, Sherri Lerner-Horowitz. The couple sitting opposite me was in their early forties, academics, who had been able to buy
