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
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 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
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
Buying second hand real estate in Israel needn’t drive you crazy. If you know what questions to ask, you’ll be able to navigate the legal maze much more easily. Who owns the property in a second hand real estate transaction? A majority of the land in Israel is owned by
11 Ways To Protect Your Rights Entering into a Second hand real estate transaction can be stressful. If you’re considering buying a property second-hand, you need to be aware of the possible pitfalls and how to avoid them. Here are 11 ways to protect your money and your rights. Do
