{"id":6074,"date":"2014-05-14T06:58:00","date_gmt":"2014-05-14T06:58:00","guid":{"rendered":"https:\/\/temp.lawoffice.org.il%20\/purchasing-property-in-israel-alex-brosh-033724722\/"},"modified":"2023-08-30T16:26:40","modified_gmt":"2023-08-30T13:26:40","slug":"purchasing-property-in-israel","status":"publish","type":"post","link":"https:\/\/script_transfer_new.mowfns.ap-southeast-2.wpstaqhosting.com\/en\/purchasing-property-in-israel\/","title":{"rendered":"Purchasing Property in Israel by a Foreign Resident"},"content":{"rendered":"

Purchasing Property in Israel by a Foreign Resident<\/strong><\/h2>\n

Israeli real estate and purchasing property in Israel provides a good opportunity for foreign\u00a0buyers to make profitable investments. Israel`s economic situation is relatively stable, providing an excellent opportunity to enjoy\u00a0profits of the investment.<\/p>\n

\"Purchasing<\/p>\n

Foreigners can purchase property in Israel without considerable\u00a0<\/strong>restrictions<\/strong>.<\/h2>\n

However, carrying out this kind of transaction requires qualified legal assistance. Buying a new apartment from the developer or from a private owner (a second hand apartment) requires a different set of documents for registering the transaction at the Land Authorities.<\/p>\n

There are also some differences in drafting the\u00a0transaction’s documents for foreign buyers. In general, appropriate legal assistance of the purchase or sale of real estate will include:<\/p>\n

1)<\/strong> Identification of the seller\/developer and the examination of the seller’s\/developer’s rights to the property sold: mortgage, lien, seizure, third party rights, etc.<\/p>\n

2)<\/strong> Existence of the building permit and avoiding construction deviation.<\/p>\n

3)<\/strong> Drafting\/examination of the purchase\/sale agreement.<\/p>\n

4)<\/strong> Land tax planning.<\/p>\n

5)<\/strong> Registration of ownership in the buyer’s name.<\/p>\n