I spent the whole day today at the real estate convention in Tel Aviv. The hot topic of discussion was the rising real estate prices. There was a list of very experienced speakers as long as my arm. When asked what they thought the reason for this was many blamed,
Is saving on Purchase tax possible? In every real estate transaction for residential real estate, the purchaser pays “Purchase tax”. The tax is calculated differently depending on the status of the purchaser. Is he a foreign resident? Is he an Israeli resident? Is the apartment being purchased his only apartment?
I have been approached many times by people who claim that they have an ancestor who bought land in Eretz Yisrael before Israel became a state. In many instances they possess documentation pertaining to the land. This documentation could be a contract, a deed of purchase or a certificate of
Israeli Real Estate Transactions Verses English Real Estate Transactions is an important area to learn if you intend to do business in either or both jurisdictions. Many people are nervous about entering into Real Estate transactions in Israel for many reasons. In Israel the real estate transactions are conducted in
Betterment tax is one of the taxes a seller might need to pay when selling real estate. This being so, the purchaser needs to make sure that the issue of this tax is addressed in the contract. Betterment tax is levied on the owner of real estate when a change
Renting Out Your Apartment You’ve finally invested in real estate in Israel and now you’re ready to earn some money by renting out your apartment. The following tips can help you protect your investment: The rental contract should be drafted by an attorney. It is easy to obtain examples of
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
