Buying On Paper
New home prices fall by 0.9% in June
Posted on 01. Aug, 2010 by buyitinisrael.
The trend of a decline in prices of new homes reported from the beginning of the year continued in June, according to an economic report by Israel’s Finance Ministry. The median price of new homes dropped by 0.9 percent in June. A geographical comparison found that the decline encompassed most areas around the country apart from Haifa and Rehovot. The area which saw a sharp fall in Israel real estate prices in June was Beersheva.
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Homebuyers’ confidence in Israeli construction companies returns
Posted on 27. Jul, 2010 by Buy-It In Israel Staff.
More Israel real estate buyers are again purchasing apartments and houses from contractors following the changes in the Israeli Sales Law, which seeks to protect the interests of new apartment buyers. In 2009 and over the course of the first five months of 2010, there is a rising trend in the rate of new apartments bought from contractors compared with 2008, according to a survey by the Contractors’ Association.
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The cost of bureaucracy in Israel
Posted on 15. Jul, 2010 by Buy-It In Israel Staff.
The bulk of bureaucracy involved in the process of issuing permits in the new construction sector makes up nearly six percent of the purchase price of a real estate in Israel, according to a study by the Israeli Contractors Association. Bureaucratic processes and delays in the approval of construction permits with which a contractor has to deal with, generates an additional cost of NIS 90,000 for the individual buyer to the price of an average four-room apartment at NIS 1,500,000.
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Warranties of the Builder on Newly Constructed Homes
Posted on 03. May, 2010 by buyitinisrael.
In an attempt to settle some of the confusion surrounding the warranties associated with new construction, a goal of this article is to provide the reader with some basic knowledge about the warranties that a Kablan is obligated to provide to a purchaser of new construction which are primarily set forth in the Sales Law (Apartments), 5733-1973 and the addendums thereto.
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Ten ingredients for a great kitchen in Israel
Posted on 03. Mar, 2010 by buyitinisrael.
When building or designing a home in Israel, the most expensive room to furnish is usually the kitchen. So let’s think about how to make the wisest decisions when choosing the ingredients…
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Groups of people buying from kablanim to replace purchasing groups
Posted on 02. Mar, 2010 by buyitinisrael.
A new trend in the Israel real estate market is expected to gain momentum this year as new regulation and conditions for independent purchasing groups of land are being tightened by Israeli government authorities.
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The importance of hiring an engineer to inspect your new home in Israel
Posted on 15. Feb, 2010 by buyitinisrael.
Purchasing real estate in Israel can be a wonderful event and a fulfilling experience, but can also cause tremendous aggravation if there are problems or defects in the property. Having a survey of a new home will prevent serious regrets later on. A professional inspection can identify problems in advance, and thus fixing the defects and solving the problems found early on, can save a lot of expense and aggravation.
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Buying a New Home in Israel: Why am I paying the Kablan more than the agreed price?
Posted on 24. Jan, 2010 by buyitinisrael.
The new apartment unit was selected, the purchase price was agreed, and the contract was signed. Why then was the amount due to the kablan more that the agreed price? There are five main factors that could impact the amount due to the kablan for real estate in Israel.
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The Hidden Costs of Buying a Home in Israel: Refiguring the Budget.
Posted on 18. Jan, 2010 by DebbieG.
Don’t forget to take into account all the extra costs and fees that you will incur in the process of buying your home in Israel. This could reduce your purchase budget by at least 5-10%. Learn more about the real cost of buying real estate in Israel.
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Buying off-plan: 10 Stages after Signing the Contract on your New Home in Israel
Posted on 11. Jan, 2010 by buyitinisrael.
Congratulations on buying your new home in Israel. You signed the contract and made the first payment, but there’s still much work to be done. The following is written with a goal to help organize the next phase of the property purchase and make the various processes run smoothly.
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Making Payments to the Kablan: How to Protect Yourself Before Taking Possession of the Property
Posted on 09. Jan, 2010 by buyitinisrael.
While there are many issues that come up when purchasing property in Israel “on paper”, the most serious issue to take into consideration prior to signing any contract with a kablan is how the purchaser’s payments are protected until possession and transfer of title into his/her name.
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