Community & Housing

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    Getting a Mortgage In Israel vs. the US

    Guest Contributor: Moshe Wilshinsky What to Expect While home financing in Israel carries some similarities with the US, there are a number of important differences you should be aware of when getting a mortgage in Israel. Here are five tips from a Mortgage industry veteran with a quarter century of experience who has worked both […]

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    A Guide to Different Types of Mortgages in Israel

    When purchasing property in Israel, many buyers need to take out a mortgage from an Israeli lending institution. There is a wide range of mortgage options offered by the various lending institutions, and it is important to understand the options in order to select the loan that best fits your financial profile. The following is […]

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    Kiryat Shmuel

    Kiryat Shmuel is a neighborhood located in the Krayot area, between Haifa and Acco, on the Haifa Bay Coast, and is part of the Haifa municipality. It is a quiet neighborhood, but close to the big city and very close to the beach.

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    Legal Aspects of Buying Property

    Guest Contributor: Ellen Porat, Advocate and Notary Buying property in Israel may be a wise investment. However one should be aware of the local laws, regulations and tax liabilities when taking steps towards a purchase, in order to bypass the potential pitfalls. Did You Know? Unlike other countries, in Israel it is legal for a […]

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    A 10 Step Guide to Purchasing an Apartment in Israel

    Guest Contributor: Eden Investments If you are buying your first apartment in Israel, you may find that the process is slightly different than what you would expect in your home town. This guide provides general information about the process of buying an Israeli apartment and explains your options and legal rights at each step of […]

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    Rental Agreements

    Guest Contributor: Ellen Porat, Advocate and Notary Despite popular belief, and although many leases are similar, there is no such thing as a standard off-the-shelf rental agreement. Even though real-estate agents may supply you with such an off the shelf form, I would advise against using it. Each rental agreement should set forth the terms […]

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    Glossary of Israeli Real Estate Terms

    Adrichal – architect Ambatia – bathroom, which may or may not include a toilet Areivut Banka’it – bank guarantee. In new construction, the developer must protect the purchaser’s payments by providing a bank guarantee. The buyer pays a percentage to the bank for such a guarantee. Arnona – property tax payable to the Municipality either annually or monthly, according […]

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    Online Resources for Housing

    Finding housing in Israel can be a daunting task. Fortunately, the Internet offers a wide variety of resources for those seeking temporary and long term rentals, homes for sale, as well as second hand furnishings. Here is a listing of some of the more popular sites. English Sites The following is a list of English […]

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    Ownership Structure of Homes in Israel

    Guest Contributor: Elana H. Billig, Adv. As an attorney handling purchases of Israeli real estate by many foreign residents as well as Olim, amongst other areas of law, I am often asked, “So, when I turn 120, does the ownership of our Israeli home automatically go to my spouse”? While the answer to the above […]

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    “Hidden Costs” Involved in Home Purchases

    The following article appeared in Haaretz online on July 13, 2009. For the full article, please see: http://www.haaretz.com/hasen/spages/1099727.html The Real Cost of Buying a Home in Israel By Raz Smolsky Couples who decide to buy a new home from a contractor assume the price listed at the sales office is what they will pay, but have […]

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    Ten Tips for Negotiating in Israel

    Guest Contributor: Nitsy Lavenda A man walks up to the theater box office in Israel and wants to buy some tickets. “How much is a ticket?” he asks. “Thirty-five shekels,” says the ticket agent. “How much for children?” asks the man. “Same price, thirty-five shekels,” says the agent. The man starts to get agitated, “The […]

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    When Do I Really Own My Home

    Guest Contributor: Elana H. Billig, Adv. People who have gone through a real estate transaction are generally overjoyed to finally get their keys and settle into their new home. Freely hanging pictures anywhere and everywhere in one’s own home without a landlord’s input has been described as blissful. However, simply because you have the keys […]

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    Tips for Setting Up a Home

    If you’re setting up your first home in Israel, here are a few helpful tips to guide you through the purchasing and furnishing process: Power supply. Be aware of the main differences between the power supply in North America vs. Israel. For more information, please see the Megavolt web site and Aliyah FAQ: click here Don’t […]

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    Buying Insurance for Your Home and Car

    Many companies in Israel that offer insurance coverage for your home, car, etc. Many of these companies also offer life insurance and supplementary health coverage options. Tips: Car insurance includes two elements: Chova (compulsory) – where you determine which drivers are permitted to drive the car, and Makif (comprehensive) for coverage of theft and accidents. […]

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    Electricity, Gas and Water

    The following is an overview of how to set up basic utilities in your new home in Israel. For a translation of household bills, click here. For a translation of the Electric Company’s Hebrew-language answering machine, please see www.anglo-list.com (under the Directory menu). Electricity When moving into a new apartment, it is advisable to switch […]