בית Heb.(translit. Buy-it) nm. house, home, residence, habitat, domicile.
Buy-It In Israel, as its name implies, is a website serving the English-speaking community around the world with an interest in Israel real estate. We offer you everything you need to know and everything you didn't know about property in Israel. So if you're looking to buy, build or maintain a home in Israel, look no further, you've found the right place.
Understanding the Madad – Consumer Price Index
Posted on 14. Jul, 2010 by Buy-It In Israel Staff.
The Madad, which is the Hebrew for Consumer Price Index (CPI) or rate of inflation, is followed very closely by Israelis since movements in the monthly index affect nearly every aspect in life from salaries, mortgages, housing, transportation costs or prices of fruit and vegetables, and other expenses. In brief, a number of very important income and other expense items of every household are linked fully or partially to monthly or quarterly inflation.
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Bank of Israel warns on mortgage risk
Posted on 14. Jul, 2010 by buyitinisrael.
The Bank of Israel today warned about the possible effects of interest rate hikes on the mortgage market and about possible consequences of a substantial fall in home prices. The warning appear in excerpts from the “Annual Survey of Israel’s Banking System, 2009″, which focuses on stress tests for banks. Read the full article on Globes [...]
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Tel Aviv home prices continue to rise
Posted on 12. Jul, 2010 by buyitinisrael.
Classified ads site Homeless shows that while prices for three, four, and five-room apartments in Tel Aviv and Rishon LeZion are rising, prices are falling in Ramat Gan, Givatayim, and Netanya. Prices for three-room apartments in Tel Aviv reached NIS 1.99 million in June, up from NIS 1.92 million in January, when the Globes-Homeless Index was launched. Prices for three-room apartments in Rishon LeZion rose to NIS 1.07 million from NIS 962,000 over the same period.
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National Association for Better Housing
Posted on 06. Jul, 2010 by Buy-It In Israel Staff.
The National Association for Better Housing (Ha’aguda letarbut hadiyur) is a non-profit organization to protect tenants’ rights in apartment blocks. The association has legal advisers specialized in real estate and joint property law, whose services can be used by members in cases regarding tenants’ rights, dispute-resolving in joint property disputes, payment failure of joint building expenses, counseling opposite maintenance companies or opposite constructors and builders.
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Choosing the right type of kitchen countertop
Posted on 02. Jul, 2010 by DebbieG.
In recent years, an array of choices of countertops (collectively known as shayish) have become available in Israel, from granite, wood, engineered stone to glass. The majority of products are brands imported from major companies around the world, while some products are ‘home-grown”or manufactured in Israel. The types of countertops available for kitchen and bathroom tops, can be divided into six main groups which are granite, engineered stone, synthetic, wood, stainless steel and glass countertop products.
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Israel Tax Authority wants to levy higher taxes on purchasing groups
Posted on 29. Jun, 2010 by Buy-It In Israel Staff.
Israel real estate purchasing groups are organized groups of mostly private individuals who join up to buy land rather than through a contractor in order to build one or two buildings mainly for residential purposes and most recently also for commercial use. The Israel Tax Authority is now advancing plans to levy the purchase tax for buyers groups on the apartment and not on the land as is currently the case. What this means is that an individual joining a buyers group will be defined as a buyer of an apartment and not just the land. As a result, purchasing group buyers will need to pay the same taxes as other Israel home buyers.
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Points to consider when negotiating a rental contract
Posted on 29. Jun, 2010 by buyitinisrael.
Negotiating a rental contract can be stressful for both the landlord and prospective tenant. The negotiations may be further exasperated when a family is endeavoring to rent a home in Israel from abroad. An additional challenge is that a supermajority of rental agreements are presented to the prospective tenant in Hebrew, and in many situations the landlord’s English skills are severely limited as is the Hebrew of the prospective tenant. Add that to the technical differences between what is standard in rentals in Israel and your home country, and the cultural differences, and rightfully so, many parties find themselves extremely challenged.
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Using Shabbat timers for operating lights and fans
Posted on 27. Jun, 2010 by buyitinisrael.
The Torah prohibits 39 activities on Shabbat. Included in these prohibitions are activities such as switching on or off lights, fans, air-conditioningand heating systems. A common practice today in Jewish homes in Israel and abroad is for the use of a Shabbat timer (shaon Shabbat) to perform these activities, where a timer is set before Shabbat and continues to operate on Shabbat without any human involvement.
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Home improvement season is underway
Posted on 24. Jun, 2010 by Buy-It In Israel Staff.
Traditionally the Israel home renovation season opens its doors with the start of the spring rising to a peak around the Passover holiday and ending with the last days of the summer. For one reason or another home renovations in Israel are most popular around the Passover holiday, when houses are painted or undergo basic refurbishment or in the local jargon shipputz
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Get benefits if you chose to live in south or north of Israel
Posted on 22. Jun, 2010 by Buy-It In Israel Staff.
The Israeli government is offering a new incentive and benefit program to new immigrants should they decide to make their home outside the country’s large cities in the north or the south of Israel. The new program operated by the Israeli Immigrant Absorption Ministry together with the Negev and Galilee Development Ministry seeks to boost Aliyah of young immigrant families in peripheral cities in the Negev and the Galilee.
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A guide to home insurance in Israel
Posted on 21. Jun, 2010 by Buy-It In Israel Staff.
There are two types of Israel home insurance policies available: structure and contents insurance. A structure insurance plan includes coverage for the structure of your home in Israel for the following major risks: fire, rain, snow, lightning, storm, snow, hail, flood, smoke damage. A contents insurance policy will usually insure against fire, theft, water damage, willful damage, third-party liabilityand employers liability, and generally covers TV’s, video equipment, home computers, faxes and sound equipment, glass surfaces and windows, marble and sanitary ware, silver ware, etc.
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