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.
Rentals in Israel have continued to rise throughout the Covid-19 pandemic
Contrary to initial estimates that rent would drop due to the economic crisis brought on by Covid-19, the Central Bureau of Statistics (CBS) published surprising data indicating a steady rise in rental prices in Israel. The cities of Tel Aviv and Ashdod are leading the trend, with an average increase of 3.5% in rental prices... Read more
Arnona: How the Municipal Property Tax in Israel Works
The municipal property tax in Israel, known as “Arnona,” is levied by the local authorities in order to finance their activities and services. It is calculated according to a variety of parameters, including the purpose of the building, its size, the socio-economic status of the neighborhood, and more. These variables can result in an enormous... Read more
Modi’in real estate among the most sought-after in Israel: Record price paid for land in new City Center
New construction in the center of Modi’in recently drew attention to the rapidly growing city, established just 25 years ago between Jerusalem and Tel Aviv. The project attracted an onslaught of eager contractors, one of whom ultimately paid a record price for a slice of Modi’in real estate. Israelis once saw Modi’in as a sleepy... Read more
Why Buy a Home in Israel?
From high returns on investment, profitable income yields, and portfolio diversification, to a range of emotional factors that don’t fit into any financial or investment formula, there are plenty of motivating factors for Jews around the world to want to own property in Israel. Here are our top 5 reasons to buy your home in Israel: 1. The... Read more
12 steps to take before building a basement in Israel
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. Read more
Three new neighborhoods in Israel will add 40,000 apartments to the Tel Aviv-Herzliya coastline
In the most expensive region of the country, along several kilometers of coastline between Tel Aviv and Herzliya, there are major plans underway for the construction of three new neighborhoods in Israel. The plans for the first 5,000 apartments – to be built on the former site of the Sde Dov Airport – were recently... Read more
People are buying property in Israel, even during lockdown — Mabat haShuk October, 2020
For the past six weeks, the Israeli public has been severely restricted in their movement. Many stores and businesses have been forced to shutter, and real estate agents in Israel have not been permitted to show properties. Yet, despite the limitations and rules of conduct, deals have closed throughout the country as home-buyers and investors... Read more
Construction Cost Index: The unspoken additional cost of buying new apartments in Israel
Purchasers of new apartments in Israel, directly from developers, could find themselves paying a significantly higher price than they’d agreed upon when they initially closed the deal. The reason for this comes down to fluctuations in the residential construction cost index, published monthly by Israel’s Central Bureau of Statistics (CBS), which estimates changes in construction... Read more
Israel granted approval for the construction of 5,400 homes in Judea and Samaria
Almost all the plans approved are located in settlements characterized by ground-level construction. While many people choose to buy homes in the West Bank for ideological reasons, in recent years, many middle-class buyers seeking a better quality of life for a more affordable price are buying homes in these areas. With large homes, spacious yards,... Read more
Six effects of Covid-19 on the property market in Israel
So far, one of the most severe economic crises in the history of Israel has barely affected housing prices and has caused a drop of only 5% in apartment sales. However, supply indexes reveal a significant decrease in construction projects, land purchases, and the approval of new building plans, which will likely cause a major... Read more