FAQ
Buying and Investing in Israel
Can foreigners buy property in Israel?
Yes, foreigners can buy property in Israel. However, certain restrictions may apply, such as government approvals for specific types of land. Our team can guide you through the process.
What are the taxes involved in buying property in Israel?
Key taxes include:
- Purchase Tax (Mas Rechisha): Varies based on property price and buyer status.
- VAT: Applies to new properties sold by developers.
- Annual Property Tax (Arnona): Determined by the property’s size and location.
Is it better to buy a new development or an older property?
It depends on your priorities. New developments often feature modern amenities and lower maintenance costs, while older properties may have charm, better locations, or investment potential.
What are the best areas to invest in real estate in Israel?
Popular areas include Tel Aviv, Jerusalem, Haifa, Be’er Sheva, Efrat, Gush Etzion, Shomron, and emerging cities like Modi’in and Ra’anana. Each area offers unique opportunities based on your goals.
Do I need a lawyer to buy property in Israel?
Yes, hiring a lawyer is essential to ensure the legality of the transaction, protect your interests, and handle documentation.
Can I get a mortgage as a foreign buyer?
Yes, foreign buyers can obtain mortgages from Israeli banks. Typically, banks finance up to 50% of the property’s value. Requirements include documentation of income and other financial assets.
What are the current mortgage rates in Israel?
Mortgage rates vary based on the market and the type of loan. Contact us for up-to-date information and assistance in finding the best option.
Are there any grants or incentives for first-time homebuyers?
Yes, certain grants are available for first-time buyers and Olim Chadashim (new immigrants). Eligibility criteria and benefits vary.
What is the process of buying property in Israel?
In addition to taxes, consider appraisal fees, legal fees, agent commissions, and renovation costs if applicable
What should I know about property ownership in Israel?
Factors include proximity to schools, transportation, community vibe, and property value trends. Our team can help match you with a neighborhood that fits your needs.
Are there restrictions on buying agricultural land?
Rental yields vary by location. Tel Aviv and Jerusalem tend to offer high returns, while areas like Be’er Sheva and Haifa are popular for student rentals.
How can Selling Israel help me buy property?
At Selling Israel, we provide comprehensive services including:
- Property sourcing tailored to your needs.
- Legal and financial guidance.
- Support throughout the entire buying process.
Do you offer assistance for new immigrants (Olim Chadashim)?
The Aliyah Process: Step-by-Step GuideYes, we specialize in helping Olim Chadashim navigate property purchases and the Aliyah process, offering personalized support every step of the way.
Can you assist with property management after purchase?
Yes, we offer property management services to ensure your investment is well-maintained and profitable.
Is now a good time to invest in Israeli real estate?
It’s always a great time to invest in Israeli real estate. The market is known for its stability and long-term growth potential, making it an excellent choice for both local and international investors. Contact us for insights into current trends and opportunities.
