Purchasing new construction in Israel is a complex transaction, both legally and financially. Often, when entering into the new construction agreement, completion is two to three years away and you are buying a home, off blueprints and technical specifications. The Israeli law of sale is designed to keep your money safe, if the contractor goes bankrupt or doesn’t complete the project.
Israel’s Ministry of Construction and Housing oversees a mortgage benefit program that assists new Olim in funding the purchase of a home in Israel. This is part of an Israeli government benefits program which is commonly referred to as the Zakaut mortgage benefit.
Gadi Last is licensed in Israel as an Investment, Insurance and Pensions Broker, and has over 15 years’ worth of experience in assisting people with their financial and investment needs in Israel and overseas. His work focuses on helping English-speaking Olim make effective and efficient decisions when it comes to their (insurance,) pensions and investments, and specializes on helping US-citizens to save and invest in Israel