In an uncertain world, Israeli real estate remains one of the most reliable and profitable investments that you can make. Here are just 8 of the financial arguments for investing your money in Israel during the coming year – leaving aside the many emotional and personal reasons that people choose to own a home in the Jewish State. Israel’s housing prices have risen more than 5% every year for...
Owning a home in Israel has never been easier or more attractive, particularly if you buy Israeli real estate off-plan. During the past 6 months, it is probably fair to say that most Jews around the world have at least thought about moving to Israel! Whether during the early months of the Covid-19 pandemic, when Israel outperformed every other country in reducing the rate of infection, or when the ugly...
I was flattered because Sabrina and her colleagues recognize the expertise that Creative Estates Israel has developed in the complex field of property management in Israel, which includes not only the management of long-term rental (investment) properties, but also home maintenance and management services for overseas owners who own a property in Israel and choose not to rent it out. I am excited...
COVID19 (Well, at least the first wave…) has had quite the impact in the traditionally cautious Israeli banks. With the easing of Bank of Israel lending requirements, as part of the central strategy of COVID recovery plan, and historically low interest rates, some of the Israeli banks are now able and willing to offer certain finance solutions that until not long ago seemed virtually...
In light of the current state of affairs it comes as some relief that the Bank of Israel is addressing the situation and are working towards helping the those consumers looking for financing. BOI recently introduced two underwriting guideline as part of their continued efforts to re-ignite the lending market and the banking sector. The first update is an attempt to reduce the interest rates, which...
People have been asking me about the state of Israel’s real estate market and how we have been affected by the COVID-19 pandemic. It is clearly too early to tell what the longer term impact will be on Israel’s economy, on the demand for housing for the projected wave of immigration, or on the housing market. Our government is only a few weeks old, and the new housing minister – Yaakov Litzman from...
The biggest issue here is the time needed to deal with phone calls and filtering out the noise. Endless phone calls, most of them from agents can be very time consuming. Obviously, the homeowner wants to sell so will agree to multiple agents working on the sale. Â This often leads to an incorrect flow of information. Â Different listing prices, inaccurate information about the property are two of the...
A rise in Israeli property tax is about to happen to both short term stay and holiday rentals. This is a massive concern to all who own property in Israel and are looking to maximize their profits. The Israeli real estate market is known to be filled with huge opportunities for investment in holiday homes. It is a well-known fact that hotels and motels can be a bit on the pricey side, especially when...
As of January 1st, 2019 the Israel Tax Authority has a new law that will affect property buyers and owners in Israel. It’s aimed at preventing black market transactions and tax evasion. These issues exist in Israel to a larger extent than other OECD countries, whom already have similar laws in effect. For Israeli and foreign nationals alike, if you are buying a property, Israel now bans cash...
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