The Israeli home front

BUYING, BUILDING, AND OWNING A HOME IN ISRAEL

You found the place to get up-to-date information, tools, and advice for helping you make sound decisions throughout the process of buying, building and maintaining a home in Israel. All this is brought to you by our editor, professional in-house staff and selected experts in their respective fields.

mechir lemishtaken new homes in israel

Mechir LeMishtaken: What does it mean for Foreign Buyers?

Considering the high cost of housing in Israel and the difficulty for many people – mostly young couples – to buy a home, Israel’s Finance Minister Moshe Kahlon, together with the Ministry of Construction & Housing, introduced the “Mechir Lemishtaken” (Buyer’s Price) scheme in 2016, to generate affordable housing and to slow down the escalation... Read more

Mechir Lemishtaken — good news for first-time home buyers in Israel

In light of the high cost of housing in Israel and the near impossibility for many people – mostly young couples – to buy their own homes, Israel’s Finance Minister Moshe Kahlon, together with the Ministry of Construction & Housing, has introduced a new formula for the affordable housing program “Mechir Lemishtaken” (Buyer’s Price). Within... Read more
US tax real estate in Israel

Investing in real estate in Israel — tax implications for Americans

Americans wishing to invest in residential real estate in Israel should consider both the US and the Israeli tax implications of their investment. While Israel imposes different taxes on foreign investment in Israeli real estate, the US has a policy of taxing its citizens on worldwide income and reserves the right to disregard most provisions... Read more
Tama 38 Israel

Urban Renewal in Israel — Part 2: “Tama 38”

Israel is located on a seismically-active fault line known as the Syrian African Rift and the possibility of earthquakes of high magnitudes pose a threat to millions of people and their property – in the region. To experts in the field, it is not a question of will there be an earthquake, but rather when... Read more
Buiding permits and planning permission in Israel

Building rights and permits in Israel

Many foreign residents purchasing real estate in Israel are surprised by the prevalence of illegal extensions to the apartments they view prior to finding the property they will ultimately purchase. This phenomenon has its roots in many different factors, including the complicated and drawn out process for obtaining building rights and permits in Israel; the costs involved which can... Read more
Capital gains tax in israel

Capital gains tax in Israel: Understanding the recent changes in mas shevach

In a concerted effort to bring down prices in the residential real estate market, the Israeli Government has recently implemented a number of reforms in the regulations connected to real estate transaction taxes (purchase tax and capital gains tax in Israel). While most professionals in the field would agree that the reforms have not achieved... Read more
Urban renewal in Israel

Urban Renewal in Israel — Part 1: “Pinui Binui”

Urban renewal in Israel generates new, creative construction in preexisting built-up areas. The scarcity of land for new construction in Israel and the subsequent housing shortage throughout the country led the Government fourteen years ago to develop this innovative solution. There are two main schemes for urban renewal projects. The first is known as pinui-binui (evacuation and construction) and the... Read more
new projects in Israel

Choosing a new project in Israel — 10 factors to consider

You've decided to buy a property in Israel, and you even know where in Israel you want to buy. You checked out the various new projects that are being marketed and narrowed down the search to three or four developments. Each one sounds pretty much the same as the other, “5 rooms, 2 bathrooms, living room, dining room, kitchen, balcony, storage room and two covered parking spaces”, so how in the world do you decide which new project in Israel is right for you? Read more