How do you ensure the quality of the construction of your brand-new apartment? There is no simple answer to this. When purchasing an apartment from a construction company you should find out as much as you can about the construction company. You can even visit other buildings constructed by the
What is Capital Gains Tax? What is Betterment Tax? Capital Gains Tax and Betterment Tax. If you have done a real estate transaction in Israel, you certainly have heard of these two taxes. If you haven’t yet done a real estate transaction in Israel, then you should make your self
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
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
