Changes in Israel real estate tax law effective 2011
By Nicole Levin What to do about the Israeli real estate bubble? That has been the question asked by many Israeli real estate professionals and government officials. The prices of apartments have soared in the past few years making buying an apartment for many families a pipe dream. In steps the Israeli Ministry of Finance to save the day! I am being facetious of course. In mid February of this year the Ministry... Read more
The Request for Real Estate Brokerage Services
The Israel Real Estate Law established in 1996, requires that a Form with some basic information regarding the details of a Real Estate Transaction must be documented in writing and signed by the Client who is being represented by a Real Estate Agent in Israel, if the Agent wants to get paid for his services. The "Request For Real Estate Brokerage Services" is the form typically used by Real Estate Agents in Israel... Read more
The basics of buying property in Israel
In Israel, both the Buyer and the Seller pay commissions to their respective Agents. Real Estate Agents in Israel predominately charge 2 % of the price of the property. As a Buyer, you can choose a Real Estate Agent first or just look for properties and deal with the individual Agent who is representing that particular property. Whichever course you choose, negotiations are conducted between the Agents. Consult... Read more
Be sure to check the Va'ad Habayit
The Va'ad Habayit system was founded in 1968 in Israel. A va'ad habayit is basically a "committee of an apartment buildings owners" who take responsbility for managing funds that are contributed by each apartment owner for the upkeep of common areas and related services, such as elevator and garden maintenance, the costs of communal heating and hot water systems, cleaning, gardening, and National Insurance (Bituach... Read more
A great resource for those interested in buying property in Israel
Jerusalem based Real Estate Attorney, Dr. Haim Katz has provided some great resources for people who are interested in buying property in Israel. He has recently authored a book entitled “Buying Your Home in Israel”. Visit his website and see for yourself. The book can purchased on the website or an e-version can be downloaded for free. Dr. Katz’s website Read more
Eight questions to ask before you buy a home in Israel
That’s the title of an article at haaretz.com, written earlier this year by Guy Liberman. Although it’s difficult to tell when you read the article where one questions ends and the next begins, the article does have some very good information for those people who are considering buying an apartment in a “new” building in Israel. check out the article Read more
