Renting vs. Buying an Apartment in Israel

The immense increase in apartment prices over the past decades has brought many to wonder—should they buy an apartment (or even a house) or make do with long-term rental? This article presents the advantages and disadvantages of renting an apartment vs. buying one—from the financial, legal, and practical perspectives. SO IS IT BETTER TO BUY…

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Types of Land in Israel

There are many types of real-estate transactions in Israel. In real-estate transactions that are not a simple apartment purchase but, rather, the purchase of land for residential or other purposes, it is important to understand the history of the land in question when considering the various aspects of the transaction. Our firm, which has branches…

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Transfer Taxes in Israel for Individuals Living Abroad

There are many unique aspects to apartment purchase transactions where one of the parties lives abroad rather than in Israel. Because the transaction is conducted remotely, a third party is needed to conduct preliminary checks for the purchaser who is abroad, as well as special conditions when requesting a mortgage from Israeli banks. This article…

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The Complete Israeli Mortgage Dictionary

Are you in the process of receiving a mortgage in Israel (mashkanta) and are confused by all the technical terminology? In this Israeli Mortgage Dictionary you will find explanations about the common terms in the field. Our firm, which has branches in Jerusalem and Tel Aviv, specializes in real estate and land law. We advise…

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Option agreement in Israel

One of the most important tools in the field of real estate in general, and in real estate purchase transactions in particular, is the ‘option agreement’. An option agreement in Israel grants “priority” – after registering the agreement in favor of a potential buyer in the Land Registry (Tabu) record of a real estate, the…

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Buying an apartment for investment in Israel?

 What do you need to do when buying an apartment for investment in Israel? It is important to choose the right apartment, to examine its condition, location and possible problems, and also to know how to calculate in advance the expected profit on the investment– how long it will take to return the investment and…

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Irrevocable Power of Attorney (POA) in Israel

What is an irrevocable power of attorney and how is it obtained? As opposed to a regular power of attorney, which allows the agent to act on behalf of the principal, an irrevocable POA is unlimited in time and cannot be canceled by the principal. In other words, an agent who receives an irrevocable POA…

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Betterment Taxes in Israel

;When beginning a real-estate transaction in Israel, whether for an apartment, residential home, or land, many new terms come up that are unfamiliar to the layperson. One of these terms is betterment tax. What is betterment tax, who is required to pay it, how much money must be paid, when must it be paid, and,…

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Choosing a Real-Estate Appraiser

Dahlia had searched for a long time for a small apartment for her personal use. She lived alone and did not need a big place. One day she received an especially lucrative offer in one of the northern neighborhoods of Rishon LeZion, Israel. It was a small studio apartment, which she was offered at a…

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