Understanding Land Rights in Israel

Buying property in Israel is an exciting step – but it’s crucial to understand exactly what you’re buying when it comes to land rights. One important fact many buyers overlook is that about 93% of all land in Israel is owned by the State or by public bodies, and only about 7% is truly privately […]

New Purchase Tax Benefits for Olim 2024

On July 29, 2024, the Knesset Finance Committee approved changes to the purchase tax regulations for Olim. These changes include a significant improvement in the tax benefits for Olim purchasing their single residential property. The amendment was made within the framework of the Land Taxation (Appreciation and Purchase) Regulations (Purchase Tax), 2024, and aims to […]

The Complete Guide for Apartment Renters

Congratulations! After much searching, you have found the apartment you were looking for. whether you’re renting an apartment for the first time, renewing a lease, or moving to a different rental property – This guide is for you.Now, you have received a draft of the rental agreement from the landlord and you are required to […]

How Escrow Deposits Protect Both Parties in Real Estate Deals

We often encounter the questions: “What is an Escrow Deposit in Israeli real estate transactions“? and “What amount should be kept in escrow during a real estate transaction?” Before answering, it’s important to understand the purpose of this “escrow deposit” and its significance in the contractual relationship between the seller and the buyer in “second […]