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.
12 steps to take before building a basement
Posted on 21. Jun, 2010 by buyitinisrael.
A common trend nowadays in Israel is to build a basement beneath a house. The addition of a basement to an existing property, can provide the owner with a large amount of additiona living area and can also add significantly to the value of the property. However, basement excavations and conversions, carry many regulations and permissions with them. They are each unique and very much depend upon the condition and structural ability of the existing property.
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Housing Minister seeks VAT cut for first-time home buyers
Posted on 15. Jun, 2010 by buyitinisrael.
Amid rising property prices, Israeli Housing and Construction Minister Ariel Atias and the Finance Ministry are proposing benefits and incentives aimed at assisting young couples to buy their first home. Under the proposal suggested by the Housing and Construction Ministry, first homebuyers will be exempted from value-added tax when buying a new home in the periphery.
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Mayor unveils affordable housing plan in Jerusalem
Posted on 14. Jun, 2010 by Buy-It In Israel Staff.
Under the terms of the “20:20:20″ plan, which was unveiled by Nir Barakat on Sunday, Israel real estate contractors and builders with plans for new construction projects of more than 20 housing units or more than 2,000 square meters in the capital, will need to allocate at least 20 percent of those units of up to 100 square meters, for affordable housing purposes, that is they will need to be sold at a discount of 20 percent to the market value. The municipality estimates that the plan will reduce the purchase price of apartments by an average of NIS 200,000-300,000.
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The Implications of the Construction Freeze
Posted on 11. Jun, 2010 by buyitinisrael.
On 26 November 2009 the Netanyahu administration imposed the ‘building freeze’ (order no. 1653) which will be in place until 26 September 2010 . Under the provisions of the order, any new building in the West Bank or East Jerusalem whose foundations were not poured by 26 November 2009, are prohibited from carrying out any building works. The order applies equally to all properties be they private, public, residential or commercial.
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Bank of Israel to avert housing bubble
Posted on 11. Jun, 2010 by Buy-It In Israel Staff.
The Bank of Israel said this week that it will continue to watch the country’s booming real estate market and take measures, if necessary, to prevent a housing bubble. The Bank of Israel’s Supervisor of Banks Rony Hizkiyahu, said that although there is no bubble in the Israel real estate market developing according to the definition of of a [...]
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Housing rights and benefits for Olim
Posted on 09. Jun, 2010 by Buy-It In Israel Staff.
Finding a home in Israel is one of the main undertakings which new immigrants or Olim are faced with when moving to Israel. In order to facilitate the absorption of living in Israel and integration into the everyday life in the Holy Land, the Israeli government grants new immigrants a number of rights and benefits that are related to homes.
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The importance of burglar alarm systems in Israel
Posted on 04. Jun, 2010 by Buy-It In Israel Staff.
In view of increasing numbers of burglaries around the country, today’s home in Israel has come to require a higher degree of security and safety as well as a growing need for users to be in control of and connected to their home, in particular if they are away from their home on a regular basis. Hence when renovating or building a new home in Israel, it has become a common feature to install an alarm system for deterrence.
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Israel records fifth highest rise in property prices globally
Posted on 02. Jun, 2010 by Buy-It In Israel Staff.
Home prices around the world are changing direction led by Israel which was ranked in fifth place in the list of countries with the sharpest increase in real estate prices in the first quarter of this year, according to the Global Property Guide survey. Israel recorded the fifth highest rise in residential property prices in the world in the first three months of 2010 as prices leaped by 12 percent compared with the same quarter of 2009 and by 2.92 percent compared with the fourth quarter of last year, in inflation-adjusted terms.
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Ra’anana becomes first green building city in Israel
Posted on 27. May, 2010 by Buy-It In Israel Staff.
Slowly, Israel is catching onto the idea of green building. The city of Ra’anana this month decided to adopt the green building standard, which will require real estate companies, constructors, and architects to plan and build in compliance with the green standard.
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Shabbat elevators – a necessity in high-rise buildings
Posted on 25. May, 2010 by Buy-It In Israel Staff.
With the operation of a Shabbat control mode, an elevator will stop automatically on a certain floor and its doors will open, hence allowing users to step in and out without having to press any buttons. Otherwise it would be prohibited to use an elevator on Shabbat because pressing the button to operate the elevator closes a circuit, which violates the prohibition of building on Shabbat, which is considered a form of labor.
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Bank of Israel sets new rules for mortgage loans
Posted on 25. May, 2010 by Buy-It In Israel Staff.
The Bank of Israel this week issued new guidelines for the country’s banks regarding mortgages which will make it more difficult for homebuyers, in particular young couples, to buy a new home in Israel. The new restrictive mortgage guidelines come in response to ballooning Israel real estate prices across the country over the past two years, which peaked in December 2009.
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